Form a Company

Post image for Basic Training: What Is a Registered Agent?

I’m often asked, “Why can’t I just incorporate in Delaware?” Well, for many small businesses, it doesn’t make legal or financial sense to incorporate in Delaware if all of your business activities are going to take place in, say, North Dakota. In many instances, you’ll end up doubling your formation filing fees, adding to the […]

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Make sure the name you want is available, then register and protect it. “What’s in a name?” Shakespeare wrote in Romeo and Juliet. “[A] rose by any other name would smell as sweet.” Many entrepreneurs would disagree. Since Adam named the animals in the Garden of Eden, we have understood the power of “naming.” That’s […]

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Post image for Basic Training: The Quest for the Right Business Form

Today’s Basic Training query comes from a solopreneur who is stymied by needing to take the next step in forming a business entity.  It certainly can get confusing.  There are legal considerations, tax considerations, and cost considerations, just to name a few. Plus, there’s the pressure to make the perfect choice before your business has […]

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Post image for Basic Training: Keeping Up with Corporate Minutes . . . Properly

As we’re still in the early part of 2010, it’s a good time for corporations (and LLCs!) to prepare their annual minutes.  Minutes outline the major decisions the company made in the previous year. Not only are they a handy way of recalling the significant issues the company faced in the prior 12 months, they’re […]

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Post image for Getting ‘Kinected’

Carrie and Matt McCulloch are not only husband and wife, they’re first-time business buyers and the owners of Kinected, an up-and-coming pilates studio in NYC.  I had the pleasure of sharing a speaking panel with Carrie (along with Terri Coffel, CPA, of Citrin Cooperman and Sally Anne Hughes of Hughes Klaiber LLC) on the subject […]

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Post image for Gearing Up For Out-of-State Business

Q.:  I would like to market to first-time homebuyers in New York, put them through a nonprofit loan program of which my company is not affiliated and eventually hand them off to a Realtor in New York.  My company operates in Nevada and is licensed in real estate.  We would collect a referral fee for […]

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Post image for The Importance of Regular Checkups

You may roll your eyes and picture your grandmother waggling her finger in your face saying, “An ounce of prevention is worth a pound of cure, young lady,” but she was right. How simple would it have been to floss regularly, instead of having to go through the time and expense of filling a cavity? My husband […]

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Post image for Basic Training:  Bringing ‘Bling’ to Your Business Formation?

So you start your business from home. Makes sense, so you can keep costs down. But then you realize that your home address–nay, your home state–lacks a certain cache. What to do? Q: I currently have a business in Michigan. I am looking into e-commerce; however, my product is a fashion item. Unfortunately, the state […]

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Post image for You Can’t Spell Corporation Without ‘IP’

This tragic story of insufficient planning is just another example from the Department of Not-Beginning-With-The-End-In-Mind. So many entrepreneurs get all “over the moon” about getting launched and off the ground that they ignore thoughts about their exit strategy. What do they want to get out of the business? How will they exit? Will they sell the […]

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Post image for Basic Training: Understanding the Limits of Limited Liability

Q: Does an S Corporation protect your personal assets?  It has become obvious I need help with this.  Any ideas you have would be very much appreciated. A: Generally, yes, a corporation will protect the business owner’s personal assets.  The “S” in “S Corp” is merely a way of designating the way in which the […]

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