If you’re starting a business, you should consider structuring it as a limited liability company (LLC). An LLC has a number of benefits, including providing you with more credibility and lessening your tax burden. But keep in mind that forming an LLC isn’t as simple as sticking “LLC” at the end of your business’s name. Keep reading to learn the answer to what you need to do to start an LLC. How does starting an LLC work? Starting an LLC isn’t the most complicated process, but you’ll probably still want a helping hand. Follow these steps to successfully start your... View Article
If you’re an entrepreneur starting your own business, you may very quickly encounter the term “DBA.” The meaning of a DBA is “doing business as”—it’s any registered name your business operates under that isn’t the company’s legal name. DBA is commonly referred to as a trade name. This post will cover everything you should know about DBAs. How does a DBA work, and do I need one? Now that we’ve covered the meaning of a DBA, the question becomes whether you need one. The answer is no—they’re not required to form or operate a business. The only times you’d really... View Article
A sole proprietorship is the simplest business structure. It involves relatively little paperwork or legal filings when you first get started and doesn’t require a whole lot of upkeep with regard to paperwork on an ongoing basis. However, it is important to understand the risks that come with filing as a sole proprietorship, chief among them being that your business will not be distinguishable from you in any legal manner. This means your own personal assets are at risk if you face liability issues stemming from business activities. Understanding this risk, then, when is it a good idea to establish... View Article
So, you’re considering starting your own business. You’ve got the idea or the product. You’ve got the motivation. You’re two steps ahead of the game. Now, all you need is the right paperwork to make it all legal. That means figuring out how you’d like to structure your business. For those people who need some assistance with business structure planning in Union City, NJ, we’ve got you covered. The choices When you’ve being thinking about the kind of entity you’d like your business to be, you’ll have a small variety of options: Sole proprietorship: For those people who love complete... View Article
So, you’ve finally decided to take the plunge and start up the new company you’ve been dreaming about for years. Great! But before you can start operating as a business, you need to take some initial steps to formally start up your company. Each state has its own guidelines for establishing a company. Here’s what you need to know about the steps for starting a business in New Jersey: Determine your business structure: The first step in starting a business is to determine the formal structure you’ll use to operate it. There are a few main options to choose from.... View Article
