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Posts tagged "Business Formation"

Incorporation can be beneficial for your Ohio business

You run a small business in Ohio, and things are going well. You can make payroll for your few employees, keep the inventory stocked and pay yourself too. Friends have recommended you should incorporate your business, but why? Things are good.

Advice for starting your new company

Starting a new business sometimes makes you feel like you need to run forward with the idea as fast as possible, using your momentum to take the company off the ground. This enthusiasm is good, but it is wise to slow things down a bit and make sure you do it the right way. Plan for long-term success. Here are a few tips that can help.

What is a founders' agreement and why do you need one?

When you start a new company, it is very important to make sure that all of your legal paperwork is in order. This includes things like nondisclosure agreements, articles of incorporation, shareholder agreements, employee contracts and much more. Obviously, the specifics differ from one business to the next; for instance, a business without shareholders or investors needs less paperwork than one that has both.

What should I include in my LLC's operating agreement?

If you've looked into incorporating your business as a limited liability company (LLC), then you've likely heard the terminology "operating agreement" (OA). It's serves a similar role to a corporation's bylaws. It's the document used to enumerate the different LLC owners' business arrangements with one another as well as the procedures that they intend to follow in operating their business.

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