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Business Operations 101 that they don't teach at business school
by Robert C. Rhodes on May 12, 2010
As I deal with structuring projects into companies and companies into companies ready for funding and companies ready for funding into funded operating companies, I run into business operators who have no clue as to how to structure their new endeavor. This series of articles, “Business Operations 101 that they don't teach at business school”, intends to answer the questions facing new business owners.
Starting a business
So you've come up with the perfect business idea and want to separate yourself from others who always have ideas but never do anything – you are an entrepreneur. Even the most seasoned entrepreneurs can truthfully admit, “we just did it,” but the really successful stories always start out with a “we got together over coffee and wrote up our idea on a napkin.” A great example was how Compaq Computer was founded in 1982 when the architecture of the original Compaq PC was sketched out on a placemat by founders Rod...Read More >>
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Choosing the Right Business Entity: LLC vs S CORP vs C CORP
by ugonna chukwu
Choosing the Right Business Entity: LLC vs S CORP vs C CORP
Choosing the right business entity is a very important decision all prospective business owners have to make.
The right business entity should provide the following:
· Personal liability for the owners
· Minimize business taxes
· Means of financing
To simplify this process, we will determine the right business entity from a tax perspective. In other words, the ideal business entity will be the one that produces the lowest business tax.
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