Young entrepreneurs who are starting a business often elect the LLC structure. LLCs are beneficial because they provide pass-through taxation, which prevents income from being taxed twice. The LLC structure is also helpful in protecting owners from liabilities. However, owners must be sure that they are diligent when creating their company. The process of forming..
If you’re a young entrepreneur with the next big idea, you will likely want to form a company to sell your product or service. Unfortunately, many creative minds have failed as businessmen because they were unprepared when starting a business. Below, you’ll find common mistakes to avoid when starting a business. Keeping these in mind..
Choosing a date to start your business shouldn’t seem like a big deal, but believe it or not, there is a “best” time to start, and it’s at the end of the year. Whether you are beginning a brand new venture or considering moving from a sole proprietorship to a limited liability company (LLC) or..
There are so many decisions to make when starting a business – what product or service are you offering, have you chosen a name that accurately reflects your business, do you need a physical location, and so much more. Every single decision can be time consuming and overwhelming, but the most important thing to remember..
When choosing how to register their business, one of the decisions entrepreneurs are faced with is choosing between a Limited Partnership v. LLC. It’s important that new owners select the correct business structure, as it could not only save them money but could also avoid headaches in the future. When it comes to making such..
California is an excellent place for young entrepreneurs looking to open their first business. The tech industry is booming across the state, and there has been no better time for innovative start-ups. Unfortunately, however, many entrepreneurs are a bit confused when setting up their first business, because they are unsure how to set up an..
Typically, new business owners must register as an LLC in every state in which they’re conducting business. But what about online companies who would like to register as an LLC? When it comes to filing requirements, online companies have significantly more flexibility when it comes to choosing the state in which to register. Instead of..
With a boom in the technology sector, California is an excellent place for young, innovative entrepreneurs eager to see success. Many of these young entrepreneurs would like to go about creating an LLC, but few are familiar with how to do so. Too many entrepreneurs do not see their dreams come to fruition because they..
As a young entrepreneur, there is no better time than now to learn how to start your own LLC. Businesses throughout the country are booming, and it could be an excellent time for you to take the leap and start your dream company. Unfortunately, all too many business owners are intimidated by the fact that..
When an entrepreneur goes to found a new business, they are likely overwhelmed by the number of options available to them. One that always tends to confuse new business owners is “Foreign Limited Liability Company.” Many business owners are unsure about what a foreign limited liability company is and how it is relevant to their..