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LLC or Corporation: Which Entity is Best For My Business?

StartupNation

Aside from limited liability, what are some good reasons to choose an LLC or a corporation to incorporate a business? Let’s take a look at the areas where LLCs and corporations differ from each other and what that means for new entrepreneurs looking to incorporate as one of these entities. Let’s start with LLC ownership.

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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). 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. The flexibility of an LLC makes it a popular choice among businesses of all shapes and sizes.

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4 Factors to Consider When Choosing a Business Structure

StartupNation

Your business entity impacts everything from taxes to daily operations. Limited liability company (LLC), owned by one or more members. Single-member LLC. Multi-member LLC. When deciding between business structures, also consider how important personal asset protection is to you. . Franchise tax.

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How to Work with Lawyers at a Startup

Both Sides of the Table

This all got me thinking about a post on how to best work with lawyers. I wonder how the shunned three are going to feel when you make your millions? Founded it as a California LLC but your potential VC wants a Delaware C-Corp? I know that people have an allergy to lawyers out of fear of being screwed. the link is here.

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6 Step Checklist to Structure Your Business

StartupNation

Related: How to Validate Your Business Idea. You’ve decided to take the plunge and start your dream business. You’ve decided what your new company is going to do and have formulated your overall strategy. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here. For most states, you can do this online.

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10 Financial Decisions Before Starting Your First Business

Smart Hustle Magazine

Uncertainty exists no matter how well you plan your to-do list or schedule your time. It should reflect from the cost of sales and labor expenditures to machinery, marketing, company licenses, taxes, and more. When you combine business and personal in such a manner, your LLC or corporate protection could be revoked. Raise Funds.

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Stop Doing These 4 Things if You Want Your Business to Last

StartupNation

We’ve all seen the statistics on how many businesses fail within the first few years of operation, and the current pandemic may accelerate that struggle for some startups. Not only will tax time become much easier, you may also find it easier to qualify for certain types of financing. Sign Up: Receive the StartupNation newsletter!

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