There are two main classifications of LLCs: domestic and foreign. The two types are quite similar, but where they’re formed distinguishes them. Whereas a domestic LLC is native to its state, a …
What Is an LLC Operating Agreement?
Whenever you drive to a new location, a road map is a necessity. Without it, you risk making a wrong turn or getting lost. The same goes for new businesses ― you need instructions that will guide …
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How to Name an LLC: Everything You Need to Consider
Naming your limited liability company (LLC) is one of the most exciting parts of starting your own business, and it’s also an incredibly important step. Your name sets the tone for your company, and …
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LLC vs. Sole Proprietor: Which Should You Choose?
Every day, aspiring entrepreneurs drop their traditional 9-5 desk jobs and set out to start a small business of their own. Dozens of decisions must be made, though: a business name, how to …
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Does Being a Sole Proprietor Offer Legal Protection?
Running your own small business is a rewarding experience. Part of what makes it so fulfilling is the fact that you have to overcome certain risks in order to succeed. As an entrepreneur, it’s your …
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General Partnership vs LLC: What’s the Difference?
Starting a business is no easy feat, so many people decide to do so as a team effort. If they do, they have to pick an entity type. Two common choices for entrepreneurs looking to form a business …
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