Remove LLC Remove Operations Remove Software Review
article thumbnail

How Entrepreneurs Need To Plan To Protect Their Business

The Startup Magazine

Common business structures include sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. LLC: Provides liability protection while offering flexibility in taxation. Having a lawyer draft or review your contracts is essential to ensure they are legally sound and protect your interests.

article thumbnail

Corporation or LLC? Business Organizations for Tech Startups.

YoungUpstarts

In the tech startup context, you’ll typically choose between a Corporation and a Limited Liability Company (“LLC”). Corporations pay taxes on the money they earn, and LLCs don’t. This doesn’t mean that LLCs go tax-free. When an LLC allocates income to owners (i.e. When an LLC allocates income to owners (i.e.

LLC 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mark Hauser’s Hauser Private Equity Spearheads Major Deals in Industrial Sector

The Startup Magazine

With over three decades of experience in private equity investments, acquisitions and mergers, Mark Hauser has developed a keen ability to recognize trends and do his due diligence. In 2016, Hauser Private Equity completed an investment in Stat Health Management, LLC, an urgent care provider with locations throughout Long Island, NY.

article thumbnail

Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

You must abide by your operating agreement. For startups established as an LLC, the operating agreement is the original blueprint that specifies how the company will be run and which members (partners) hold which responsibilities, among other concerns such as profit-sharing. Be able to prove due diligence whenever you can.

article thumbnail

Understanding How New Enterprise Software Is Licensed And Deployed

YoungUpstarts

by Wayne Wedell , President and CEO of WorkWise, LLC. The decision process to purchase new enterprise application software can be daunting. A critical part of the evaluation process is to clearly understand the flexibilities a software provider offers to license and deploy the solution for your use. Named or Concurrent Users.

article thumbnail

Starting a Property Management Business: Key Services to Offer

The Startup Magazine

It requires thorough market research, understanding your target market, defining your services, and planning your daily operations. Operational Planning Detail the daily operations of your business. What software tools will you use for property management? Review policies regularly and update them as needed.

article thumbnail

The Bare Minimum You Need To Know About Accounting

YoungUpstarts

Though personal income taxes will usually not be due until the middle of April, organizing your finances at the end of each year is an absolute necessity. In order to make sure your books are as accurate and legally compliant as they feasibly can be, we will quickly review the most essential things for you to know about accounting.