For many startup owners and entrepreneurs, following their passion by building their own business was at least in part a way to avoid cubicle life, spreadsheets, and generally uninteresting issues of corporate finance and compliance. But as your business grows, these...
Creating an LLC is an important step in the early days of your business, and, when done properly, can protect you and your business from disastrous financial consequences. If you have Googled “how to create an LLC,” you have no doubt been bombarded with ads selling...
Every LLC should have an operating agreement, but because there’s typically no filing requirement for this document, many companies use a cookie cutter contract and just fill in the blanks. That’s one of the riskiest things you could do, especially if your LLC has...
So you’ve got your business up and running, and maybe it’s not perfect but you’re working hard on improvements to your products, services, and strategies. If you’ve been at this for a while (or even if you’re just starting out), you’re probably wondering if you’re...
Two of the most enticing things about an LLC is that it prevents business owners from being personally liable for things related to the business, and it provides pass-through tax status. It also has fewer formalities and requires less legal documentation. If filing as...
