The Startup Lawyer has a fantastic post detailing exactly how he would setup a company in Delaware (like he does for his clients). This includes: Incorporating in Delaware as a C-Corporation. Authorizing 10,000,000 shares of common stock at $0.0001 par value. He details other issues like the appropriate amount of stock he would issue to … Continue reading “How a Startup Lawyer Incorporates in Delaware”
Read MoreEntrepreneur.com has an Article Posted detailing one young entrepreneur’s journey from the financial sector to starting his own sports marketing firm: I feel it’s essential that you are able to marry your work and what you love. This passion will ignite the minds of your potential clients and connections. Your business has to be a … Continue reading “Take the Leap and Follow Your Passion”
Read MoreForbes has an article posted on How to Bounce Back From Failure: Anyone who claims to have built something of lasting value–be it a business, personal relationship or a body of critical knowledge–without suffering serious pain and disappointment is either a liar or dangerously naïve. At some point on your journey, you will stumble and … Continue reading “Bouncing Back From Failure”
Read MoreBusinessWeek has an Article Posted on who is responsible for settling an LLC’s debts after a Dissolution: Creditors of a valid LLC can collect only from the assets of the company, not personal assets or wages, and garnishments cannot be used against wages unless a money judgment has been awarded in court. However, this is … Continue reading “Maintaining Your LLC Liability Protection”
Read MoreSmall Business Trends has an Article by Tim Berry on the lessons learned after 22 years of bootstrapping: Last week a group of students interviewed me, as part of a class project, looking for secrets and keys to success. They were asking me because after 22 years of bootstrapping, my wife Vange and I own … Continue reading “Lessons Learned from Bootstrapping”
Read MoreBusinessWeek has an article about starting a one person corporation. The reader’s question is about setting up a corporation instead of an LLC so he can issue stock to employees. The basics of the article are: Setting up a corporation is not as complicated as most think. Most states recognize a “1 person corporation” (Editor’s … Continue reading “Starting a One Person Corporation (or LLC)”
Read MoreOne of the primary benefits of incorporating or forming an LLC is the protection of the business owners personal assets from lawsuit. The main problem is that most entrepreneurs simply file the initial paperwork and then completely drop the ball on properly maintaining their corporate veil. This same rule applies whether you have a domestic, … Continue reading “Protecting the Corporate Veil”
Read MoreWikihow.com: Have you always wanted to leave the world a better place than you found it by starting a nonprofit corporation? Here’s a simple, straightforward guide on how to successfully establish a 501(c)(3) nonprofit corporation. 1. Understand what a nonprofit is: an organization whose primary objective is to support some issue or matter of private … Continue reading “How to Start a Non-Profit Corporation”
Read MoreIdeoblog: “The latest report shows that filings for LLCs are up in 2005 from the prior year in almost every state, while they are down for corporations in most states.” Helpful LLC ResourcesRelated LLC Articles | The Purpose of the DBA | Partner LLC FAQs
Read MoreAn attorney provides some common sense tips for business owners to avoid litigation. Of course, we believe being incorporated provides some good protection as well 🙂 . (via BingBangBuzz)
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