Remove Limited Liability Company Remove Naming Remove Partner
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Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

There will be plenty of it early and often during your entrepreneurial journey, but rather than look at it as a headache you should consider the many ways in which it will help protect you, your family, and the company as a whole. Personal asset liability protection is not ironclad. You must abide by your operating agreement.

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How To Choose A Legal Structure For Your Business

The Startup Magazine

State statutes allow the formation of a limited liability company (LLC). A corporation is formed when prospective shareholders exchange money, property or both, for a share of the company’s capital stock. Limited Liability Company (LLC). Corporation. An LLC is permitted under state statute.

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How a DBA May Help Take Your Business to The Next Level

The Startup Magazine

This assumed or fictitious name is separate from your legal name as well as your registered business name. If we break down the letters, DBA stands for “doing business as” meaning you can manage your business as usual under this name. Filing for a DBA is more cost effective than registering for a legal name change. .

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Does A Business Bankruptcy Hurt My Personal Credit?

YoungUpstarts

General Partner. What if the business doesn’t belong to you, but several general partners ? While some creditors might report your business debts under your personal name, not all of them will. Limited Partner. There are too many risks involved that come back to bite you or another partner in the business.

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How Much A Startup Spends On Business Documents

The Startup Magazine

Register a DBA Name. The most elemental step in this process is both a legal requirement and a branding exercise, and that is selecting what is known as a “doing business as” (DBA) name. A DBA name allows you to conduct business using a designated name, at minimal cost, without having to register a corporation.

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5 Tips for Starting a Successful Clothing Brand: The Definitive Guide (2018)

crowdSPRING Blog

Your business name , your logo , your website design should all grow from the concepts you laid out here. If you’re interested in a little more protection, an LLC (or Limited Liability Company ) may be a better fit. The LLC business structure provides the limited liability features you would find in a corporation.

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What Kind Of Company Should You Create?

YoungUpstarts

Limited Liability Company (LLC). An LLC is a common choice of business entity for many startups because of the flexibility it provides in the company’s often fluid early lifespan. At least two partners agree that they are co-owners of a business, and any gains or losses are treated like personal income for tax purposes.

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