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Sole Proprietorship vs. LLC for Side Hustlers: Pros and Cons

StartupNation

But now you’re wondering … should you stick with a simple sole proprietorship … or take the next step and form an LLC ? Let’s take a closer look at the real pros and cons of a sole proprietorship vs an LLC so you can make a decision that fits your business income, risk level, and future goals. Physical products.

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Starting a Business! From Idea to Launch

American Entrepreneurship

Preparatory steps are needed in order for a startup to be successful. Starting a business is very difficult. It requires a lot of planning and forethought before you leap. As the prospective leader of a new business, it is important to have the self-confidence necessary to engage with a broad range of people.

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Raising Capital for Your Startup: Top Legal Considerations to Know

StartupNation

Whether the founders form a corporation, LLC or limited partnership, the sale of equity in those entities to investors are subject to federal and state securities laws. You’ll also need to make many complicated filings with federal and state authorities depending on what types of investors you’ll be pursuing.

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Navigating Tax Obligations for Startups: What You Need to Know

Startup Blogpost

Navigating Tax Obligations for Startups: What You Need to Know Navigating the complex landscape of startup taxation can be daunting, but with insights from CEOs and financial experts, startups can stay compliant and even save on taxes.

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10 Financial Decisions Before Starting Your First Business

Smart Hustle Magazine

It should reflect from the cost of sales and labor expenditures to machinery, marketing, company licenses, taxes, and more. Some people believe that launching a business is stressful. Uncertainty exists no matter how well you plan your to-do list or schedule your time. However, there are two sides to a coin. Make a thorough business plan.

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Ready to Exit Sole Proprietor Status? Consider These 4 Entities for Incorporation

StartupNation

Limited Liability Company (LLC). Limited Liability Company (LLC). Limited Liability Company (LLC). Which type of business benefits as an LLC? An LLC is a popular entity formation , thanks to providing limited liability protection and ease in maintenance. What does it mean to form an LLC? Corporation.

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6 Step Checklist to Structure Your Business

StartupNation

You want to have a unique name that consumers will remember. Your business does not have to share a name with your product and can be an umbrella name for your company. This can be helpful in case you expand to other products or services, so you won’t have to rename your company. For most states, you can do this online.

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