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Starting your own business is an inherently risky proposition. Even building up the necessary courage to leave your 9-to-5 in the name of starting your own venture is not easy. While it certainly is a gamble in many ways, entrepreneurship can also be uniquely rewarding. Having the opportunity to put your years of expertise into…
Partnerships are common in the business world. It is not unusual for coworkers or colleagues with a shared interest to venture out on their own. While a partnership is beneficial in the sense that it allows you to lean on the knowledge and expertise of others in managing your business, it can also help you…
One of the great things about starting your own business is that it allows you to see your entrepreneurial vision come to life. Whether you are interested in creating a small, one-person operation, or a sprawling corporate titan, you can control your own professional destiny. Of course, before you can truly witness the fruits of…
Do you own a company and want to protect your assets? Perhaps you might look into forming a limited liability partnership. With a limited liability partnership, company owners may protect their assets from being used to settle a business lawsuit. This is an excellent option for safeguarding your possessions. If you’ve ever tried to establish…
Alabama can be a fertile ground for business. If you are considering launching your own enterprise in the Heart of Dixie, there are some practical matters that you will want to sort out before opening your doors for business. One of the first decisions you will want to make involves how you are going to…
Are you thinking about starting your own business? If so, you are likely to find yourself facing a number of important decisions. You may be in the throes of budgetary planning, looking at office space, and combing resumes for potential employees. In the nascent days of mapping out your business, you will also want to…
Do you operate a company in the Philadelphia area and seek a different organizational setup for your firm? You may wish to set up an LLP in Philadelphia in such a case. This essay will highlight some of the most compelling reasons why firms in Philadelphia should consider transitioning to an LLP, which may provide…
You probably already knew this, but did you know that certain partnerships in the state of Colorado are required to register as limited liability partnerships (LLPs)? If this describes your company, you must understand the Colorado LLP requirements and how to comply with them properly. We will provide an overview of the registration process and…
Are you thinking of starting a limited liability partnership (LLP), but you’re unsure what LLP name to give? You’re not alone. The naming of your limited liability partnership (LLP) is crucial, and you must be sure you choose the proper one. The name you choose for your company will represent the company and be linked…
When you start a company, there are a lot of things you need to understand, such as, “can an accounting firm be an LLP or LLC?” before you can even begin. One of the first considerations you will have is whether to create a limited liability company (LLC) or an LLC for professionals (LLP). A…
