Choose Your Business Structure

By -

Sole Proprietorship

A sole proprietorship is the most basic type of business to establish. You alone own the company and are responsible for its assets and liabilities. Learn more about the sole proprietor structure.

Limited Liability Company

An LLC is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. Learn more about how LLCs are structured.


Cooperative

People form cooperatives to meet a collective need or to provide a service that benefits all member-owners. Learn more about how cooperatives are structured.

Corporation

A corporation is more complex and generally suggested for larger, established companies with multiple employees. Learn more about how Corporations are structured.

Partnership

There are several different types of partnerships, which depend on the nature of the arrangement and partner responsibility for the business. Learn more about how these are structured.

S Corporation

An S corporation is similar to a C corporation but you are taxed only on the personal level. Learn more about how S corporations are structured.

Comments

Post a Comment

Popular posts from this blog

How Can I Tell If There Will Be Strong Demand for My Product?

By -
Image
How can I test my idea to ensure that I'm entering a profitable, or at least healthy, market? I would like to understand the steps involved and when I can be sure my product is ready to enter the market? There are two parts to this question.  A) How big/healthy is the market you are trying to enter (or, what is your primary demand)? And,   B) is there an opportunity within that market for your product (what is your secondary demand)?
Read more

The 7 Biggest Marketing Mistakes Every Startup Makes

By -
Image
No matter what kind of business you start, some  marketing mistakes  are inevitable. But startups in particular must navigate a unique set of marketing challenges: restricted budgets, limited resources and the pressing need to build brand visibility. Knowing when and how to invest in marketing for your business may be the key ingredient to your startup’s success. Here are some common marketing mistakes that every startup makes -- and how you can avoid them. 1. Spending money on 'big marketing' too quickly You may want to take the industry by storm, with a powerful ad or a killer booth at the next trade show, but, whoa! You should really rein it in and start slow. You don’t want to blow your budget this early in the game.
Read more

How to Make Money Online: The Basics

By -
Image
Let’s say you’re a newbie to the world of online sales and are looking to make money online, but you’re starting with a small startup budget. With the blinding wealth of information available for new business owners, knowing how to spend your limited funds can be a bit intimidating.  Here is a five-step checklist to help get you started and guide you toward success.  1. Spend time getting feedback on what you’re selling before launching. Don’t rely on affirmation from friends and family to validate that you have a unique and salable product or service. Chances are, these people are emotionally attached to you, and they’re more likely to think every idea you share is the greatest thing since Nutella. Getting feedback from people who are emotionally attached to you is a “disaster from the start,” says Adam Callinan, founder of  BottleKeeper .
Read more