StartupNation

MARCH 22, 2021

The benefits of an LLC include reduced paperwork, less stringent reporting and a more flexible management structure. Also, since LLCs are flow-through entities (business income/loss is passed through to the owner’s tax return each year), it makes tax time much easier. This is how you pay yourself from the company.

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strategy investing investment 118

StartupNation

FEBRUARY 6, 2022

After an e-commerce business incorporates or forms an LLC, it’s time to review a small business checklist. There are essential items every e-commerce business needs, such as filing for business licenses and an employer identification number (EIN). Here are a few basics to file an application for: Business operation license.

entrepreneurs 85

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StartupNation

SEPTEMBER 13, 2021

If you’re setting up as an LLC or s-corp, then this is vital. Starting on the right foot when it comes to your business banking will make filing taxes and keeping a general eye on your monthly profit and loss much easier. Be smart about your taxes . They’ll know exactly what you need to do to meet your tax requirements.

financing 102

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Angel Capital Association

OCTOBER 30, 2023

by Joe Wallin , leader of the Angel Capital Association Legal Advisory Council and Pricipal at the law firm of Carney Badley Spellman, P.S. Big Picture The CTA is intended to assist law enforcement in combatting money laundering, tax fraud, financing of terrorism, and other illicit activity through anonymous shell and front companies.

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investing investment angel capital board 98

Both Sides of the Table

JANUARY 21, 2010

Founded it as a California LLC but your potential VC wants a Delaware C-Corp? I’m sure the IRS will be flexible and your friends will forgive you for their big, unexpected tax burden. Shame about not getting it in legal writing that you owned the original IP. Shame about that pesky FAS 157 ruling.

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startup advice entrepreneurs VC 318

StartupNation

SEPTEMBER 17, 2021

They acquire the necessary legal assets, including entity formations and tax IDs, so this idea may become a startup, launch, and open for business. I started to manage a division called MyCorporation, which assists entrepreneurs with incorporate and LLC formation filing services. Many individuals start off with a good idea.

entrepreneurship 105

entrepreneurship leadership entrepreneurs opportunity 105

StartupNation

JUNE 14, 2021

If you incorporate your business by forming an LLC or S corporation, for example, your corporate filing will include your business name. However, if you operate as a sole proprietor, consider filing a DBA , or “fictitious name,” with your state. You’ll use it to file taxes for your business.

startup 82

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TechCrunch

JANUARY 14, 2021

Tiger’s ownership stake didn’t merit a mention on the company’s regulatory filing.). billion from the firm, claiming it has outstanding tax dues on the sale of its share in the company. Back in June, Tiger co-led a $750 million Series E round in the company. Last month, Tiger was back again, co-leading a $1.6

ventures 72

ventures investing investment education 72

Angel Capital Association

JUNE 23, 2021

However, the tax consequences of a convertible note have not been explored in as much depth. This blog post is an attempt to document the adverse tax effects that have surprised some investors. A Convertible Note is not Stock Angel investors are provided two potentially valuable tax benefits in certain cases. So, What to Do?

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angel capital consulting capital construction 40

StartupNation

JANUARY 4, 2022

Entrepreneurs who choose to incorporate as a limited liability company (LLC) may pause when they realize there is a secondary option available known as a professional LLC (PLLC). How does it differ from an LLC? Limited Liability Company (LLC). A single owner runs and operates this LLC. Member-managed LLC.

entrepreneurs 121

entrepreneurs board technology 121

StartupNation

JANUARY 10, 2022

For example, an LLC will keep records with an LLC operating agreement while a corporation will update corporate bylaws. External Business Compliance: These are state and federal filing requirements for small businesses. External compliance may range from filing annual reports to paying franchise taxes.

entrepreneurs 113

entrepreneurs 113

StartupNation

MARCH 24, 2021

Often, one of the first pieces of advice an entrepreneur receives when they start a business is to incorporate or form a limited liability company (LLC). This ultimately impacts everything about the company, from how much you pay in taxes to the personal liability you face as the owner. Fewer tax benefits are available.

advice 111

advice entrepreneurs 111

American Entrepreneurship

FEBRUARY 12, 2024

With that hoped-for result in mind, the founders at the outset of starting the business may make early decisions such as the type of legal structure (LLC, C-Corporation, S-Corporation) that will work best for bringing in investors and potentially take the company public via an IPO (initial public offering).

innovation 98

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StartupNation

SEPTEMBER 14, 2021

Incorporate or form a limited liability company (LLC). Incorporating or forming an LLC allows businesses to act as legal, separate entities through limited liability protection. File for trademark protection. If you said yes, you will need to file a trademark application to protect this mark.

entrepreneurs 110

entrepreneurs startup 110

StartupNation

MARCH 2, 2021

Many entrepreneurs choose a limited liability company (LLC) as a preferred vehicle for that journey. An LLC is a type of entity structure known for its flexibility and ease of formation. Regardless of the state in which you decide to form your LLC, you can expect to face a unique set of requirements. How your business is taxed.

entrepreneurs 87

entrepreneurs advice communities support 87

StartupNation

DECEMBER 28, 2020

If you’ve been considering forming an LLC or incorporating, but are curious about the benefits of starting up in January, look no further. Tax and bookkeeping benefits. At the beginning of the year, entrepreneurs are rewarded with additional tax and accounting benefits. When the idea arises, they act. State compliance benefits.

entrepreneurs 107

entrepreneurs opportunity startup capital 107

StartupNation

NOVEMBER 24, 2020

Tax IDs are often referred to as employer identification numbers, or EINs. Tax IDs are necessary in order to hire employees, which will be a necessity at some point if you’re planning to open a brick-and-mortar storefront. It helps identify and track employer tax accounts, ensuring that your business is collecting payroll taxes.

health 121

health entrepreneurs startup 121

StartupNation

FEBRUARY 1, 2022

Should an e-commerce business file for incorporation? Over time, however, they may choose to form an LLC or incorporate as another registered entity. Limited Liability Company (LLC). Ideal fit: E-commerce businesses and startups that would like to receive asset protection and save on taxes. The short answer is yes.

entrepreneurs 98

entrepreneurs ventures startup 98

StartupNation

AUGUST 10, 2021

If you decide to form a general partnership, it is highly recommended that you incorporate or form a limited liability company (LLC) for the business. Incorporating or forming an LLC provides a general partnership with limited liability protection, ensuring peace of mind for all partners. Sign Up: Receive the StartupNation newsletter!

ventures 126

ventures consulting support development 126

StartupNation

MARCH 10, 2021

The deadline for S Corporations to file their annual tax returns is March 15, which means businesses with an S Corp election need to file Form 1120S and Schedule K-1. The good news is, you can start looking into filing for S Corp status this year. How do pass-through taxes work?

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opportunity entrepreneurs 70

Smart Hustle Magazine

NOVEMBER 29, 2021

Taxes are one of them. Although blogging or podcasting is a comparatively recent job, it is subject to tax regulations as many other professions. The primary tax risk is that, unlike traditional employees, you will not have your taxes automatically deducted from your profits as a self-employed blogger. Start-up Costs.

media 112

media networking opportunity entrepreneurs 112

StartupNation

FEBRUARY 17, 2021

As a freelancer, be sure to check the following items off your to-do list to protect yourself: Incorporate or form an LLC. An entity formation, like a corporation or limited liability company (LLC), provides the business with limited liability protection. Which entity should I form, an LLC or corporation ? Filing for a tax ID.

financing 88

financing finance media advice 88

Smart Hustle Magazine

NOVEMBER 29, 2021

Taxes are one of them. Although blogging or podcasting is a comparatively recent job, it is subject to tax regulations as many other professions. The primary tax risk is that, unlike traditional employees, you will not have your taxes automatically deducted from your profits as a self-employed blogger. Start-up Costs.

media 98

media networking opportunity entrepreneurs 98

Startup Blogpost

FEBRUARY 17, 2023

From creating an LLC for tax protection to keeping track of all business expenses, here are 8 answers to the question, “What are some tax filing tips for new startups?” By forming an LLC, it gives the company limited liability for its debts, protecting members of the company from personal liability.

startup 52

startup financing finance founder 52

StartupNation

JANUARY 16, 2022

There are many legal structures you can choose from – including sole proprietorship, general partnership, Limited Liability Company (LLC), or corporations (C Corp and S Corp). For federal tax purposes, it is a corporation that’s treated as a pass-through entity. Reduced self-employment tax. How to obtain an S Corporation status.

consulting 78

consulting financing finance startup 78

TechCrunch

NOVEMBER 11, 2022

The best-case scenario would be that this new company files your new change of employer petition and USCIS receives the paperwork on or before the 59th day since your last day of employment,” said Alcorn. “It Use IRS Code Section 1202 to sell your multimillion-dollar startup tax-free.

pitching 79

pitching advice financing finance 79

TechCrunch

MAY 2, 2022

An examination of California state filings show that Oceankind was incorporated as an LLC in 2018, managed by a family office that controls many of Google co-founder Larry Page’s properties and businesses. Moreover, Oceankind itself is not a nonprofit, which are required to open their books every year in public filings to the IRS.

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funders startup support technology 95