[This article was written by Hannah Jones.] A business is articulated entrepreneurship requiring skills, strategies, finance, and deciding the type of legal structure for it. Not all the structures are considered fit for all. Your task is to understand how …
Choose The Right Incorporation Service For Your Business Type Read more »
What the heck is an operating agreement? What’s the difference between a member and a manager? What is double taxation, and how can I avoid it? Corporate terminology can be tricky, but it’s important that you understand all the lingo …
Starting a business is tough. There are lots of things to think about—the industry landscape, your market, finding the startup cash you need—and which type of business is best for you is no less important a decision. Let’s take an …
Which Type of Business Is Best For Me? An Overview Read more »
A limited liability company, or LLC, is a form of business that is provides limited liabilities to its owners. This institution has certain characteristics of both a corporation and a partnership, thus it is sometimes misinterpreted as a limited liability …
Top Mistakes Made by Entrepreneurs Forming an LLC Read more »
As the name suggests, an LLC is a limited liability company, and those companies forming under the umbrella of this type of organization are afforded limited liability. This company design helps to keep the personal liability of a business owner …
In our last post, “Organizing Your Business Part 3: Corporations,” we looked at the different types for for-profit and nonprofit corporations. Now, it’s time to take a look at what makes LLCs different. LLC stands for Limited Liability Company. (Notice that …