Structuring Articles

  • separate accounts

    How — and Why — to Keep Your Business and Personal Accounts Separate

    by on November 6, 2014

    If you own a small business, you may be tempted to commingle your business and personal accounts, but doing so may bring some unwanted consequences. The way to avoid this is to form a separate financial identity for your business, and never tap those accounts …

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    How to Form a Limited Liability Partnership

    by on June 25, 2014

    A Limited Liability Partnership (LLP) is essentially a combination of General Partnerships (GPs) and Limited Partnership (LPs).
    Like a General Partnership, Limited Liability …

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  • 2014_7_14-small-AM-How_to_Start_a_Limited_Partnership

    How to Start a Limited Partnership

    by on June 25, 2014

    While similar to General Partnerships (GPs), Limited Partnerships (LPs) have some distinct advantages. A General Partnership is a for-profit venture of at least two partners who share management duties. General Partners share profits and bear the responsibilit…

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    Forming a Partnership: A Step-by-Step Guide

    by on June 25, 2014

    1. Choose A Name for the Business Partnership
    Choosing a name for your new partnership is a very important task. This is the name that will represent your firm’s services to the world. With that in mind, the name of your partnership should reflect something…

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    10 Steps to Start an LLC

    by on June 25, 2014

    A Limited Liability Company (LLC) combines the liability protection of a corporation and the flexible business options of a partnership.
    There are many pros and cons of an LLC, but for those who have already decided it’s the best path for their busin…

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    Form an S Corporation in 4 Steps

    by on June 25, 2014

    An S Corporation is essentially a regular corporation that has applied for “S Corporation” tax status. It provides protection against personal liability while allowing you to pay income taxes based on your individual tax returns, thus avoiding the “doubl…

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    Form a Corporation: 10 Vital Steps

    by on June 25, 2014

    Forming a Corporation? Here are the 10 steps you need to take.
    Step 1: Name Availability
    Choose the Name of your Corporation and make sure it is available with your Secretary of State (“SOS”). Name availability search can often be done on your state’…

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    How to Form a Sole Proprietorship

    by on June 25, 2014

    If you are thinking about opening your own business, forming a sole proprietorship is likely your easiest option. As a sole proprietor, you have full control over the business; there is no legal distinction between you and the business, and you receive all the…

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