Business Entity Overview
Starting a BusinessCCH has a good overview over the business entities available to the business owner. Be mindful, though, that choice of entity is influenced by your state laws. For example, the overview states that corporations are usually cheaper…
Must Read for hungry Startup Entrepreneurs: How not to Hand out Equity
Business Contracts, Starting a BusinessLearn how a young startup died an early unnecessary death due to a faulty capital structure in "A Fatal Paper Cut."
Great post, but IMHO, bad title. Had I not found it through Ask The VC, I would have never read the post based…
Don’t sweat your B Plan
Starting a BusinessDon't think you are doomed to failure, if you neglect to craft the perfect business plan. Apparently, appearance and credibility is more important than a business plan, as reported by this research report:"The researchers also found…
Do I need a Federal ID Number for My Sole Member LLC?
Starting a BusinessNo, for federal income tax purposes a sole member LLC is normally considered a "disregarded entity." Unless you hire employees, you can use your social security number for all purposes.
However, for security reasons, you may…
How to save Taxes with an S Corporation
Starting a BusinessOne of the main reasons for choosing an S corporation over a limited liability company is the possibility to save self-employment taxes. Members of an LLC have to pay 15.3% self-employment tax on their share of the LLC's income (for the…
Registering a Small Business
Starting a BusinessI get this search term a lot: "Registering a Small Business." People seem to think that they need to register something somewhere in order to conduct business. Well, yes and no.
You can start doing business…
LLCs and Corporations – What’s the Difference?
Starting a BusinessThe New Jersey Law Blog sheds light on the differences between limited liability companies, S corporations and just plain old corporations (i.e. C corporations) and the reasons why corporations are still the entity of choice in some situations. …
An Analysis of The United States Small Business Administration
Starting a BusinessAl Berrios has an interesting take on the Small Business Administration and its various ways of support for small businesses. Read his analysis here. Also check out his many articles on entrepreneurship, organization and management…
Divorcing an LLC – or – Why an Operating Agreement can be Priceless
Limited Liability Companies, Starting a BusinessDivorcing from your business partners in a limited liability company can be just as nerve-racking, costly and life/business interrupting as divorcing your spouse. What is worse, if you failed to plan for an exit strategy in an operating…
Cheap Web Incorporations
Starting a BusinessCalifornia business attorney Nina Yablok put an incorporation service to the test and has good reasons for not recommending their services to startup businesses: corporate services - almost a scam. Another almost scam on new businesses…