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From Employee to Owner: How I Bought My Business

StartupNation

I started to manage a division called MyCorporation, which assists entrepreneurs with incorporate and LLC formation filing services. In 2008, I was so invested in this business that I knew I could not sit there and watch it dissolve. Shortly after graduating from law school, I began working as a lawyer at a local law firm.

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How Do Small Businesses Stay in Compliance?

StartupNation

For example, an LLC will keep records with an LLC operating agreement while a corporation will update corporate bylaws. The business can even be involuntarily dissolved by the state. These documents outline the rules for running and operating an LLC or corporation and the responsibilities of the owners.