This document provides an overview of the key differences between corporations and LLCs and helps the reader determine which entity structure is best for their business needs. It discusses the advantages and disadvantages of S-Corporations and C-Corporations as well as LLCs. Some of the key considerations covered include taxation, ownership restrictions, flexibility, and costs. The document also provides templates and documents needed to form each type of entity.
How International Startups Can Move to Silicon Valleyideatoipo
Silicon Valley contains the greatest concentration of wealth in the world, housing companies representing trillions of dollars of market capitalization on a short stretch of land between San Francisco and San Jose, California.
Companies from around the world come to Silicon Valley for access to markets, financing and talent. Many of the most successful companies have started in other countries and moved to Silicon Valley.
The presentation will cover:
1) How to make your company fundable to venture capitalists
2) How to protect you foreign intellectual property
3) The importance of limiting your potential liability
4) Complying with federal immigration and California’s byzantine employment law rules
5) Attracting and incentivizing employees
6) Raising money in general in Silicon Valley
Setting up your business in Silicon Valley - what international entrepreneurs...Louis Lehot
Flipping, setting up a subsidiary, a branch, going direct, setting up operations, venture capital financing and what you need to know to set up your business in Silicon Valley
Make it Legal! Advantages of Legalizing BusinessesAffiliate Summit
Philip Akalp will change the way small businesses think about legalizing their business, as he scurries away falsities of Incorporating and forming LLC’s, while sharing many key advantages.
Experience level: Intermediate
Target audience: Affiliates/Publishers
Niche/vertical: Legalizing Business
Philip K. Akalp, CFO, Corpnet.com (Twitter @Corpnet)
This presentation will help you understand what are different kind of enterprises which you can form to start your business. What are the requirements and consideration to set up any kind of enterprise.
Further it throws light on issues which can take a start-up by surprise i.e. TDS, FBT and Cash Transactions.
How International Startups Can Move to Silicon Valleyideatoipo
Silicon Valley contains the greatest concentration of wealth in the world, housing companies representing trillions of dollars of market capitalization on a short stretch of land between San Francisco and San Jose, California.
Companies from around the world come to Silicon Valley for access to markets, financing and talent. Many of the most successful companies have started in other countries and moved to Silicon Valley.
The presentation will cover:
1) How to make your company fundable to venture capitalists
2) How to protect you foreign intellectual property
3) The importance of limiting your potential liability
4) Complying with federal immigration and California’s byzantine employment law rules
5) Attracting and incentivizing employees
6) Raising money in general in Silicon Valley
Setting up your business in Silicon Valley - what international entrepreneurs...Louis Lehot
Flipping, setting up a subsidiary, a branch, going direct, setting up operations, venture capital financing and what you need to know to set up your business in Silicon Valley
Make it Legal! Advantages of Legalizing BusinessesAffiliate Summit
Philip Akalp will change the way small businesses think about legalizing their business, as he scurries away falsities of Incorporating and forming LLC’s, while sharing many key advantages.
Experience level: Intermediate
Target audience: Affiliates/Publishers
Niche/vertical: Legalizing Business
Philip K. Akalp, CFO, Corpnet.com (Twitter @Corpnet)
This presentation will help you understand what are different kind of enterprises which you can form to start your business. What are the requirements and consideration to set up any kind of enterprise.
Further it throws light on issues which can take a start-up by surprise i.e. TDS, FBT and Cash Transactions.
Contract vs Full-Time Employment - what the IRS wants you to know, how to decide which is better for you and who to get help from when you decide contracting is the way to go...
Other website from Dirk Spencer, Corporate Recruiter include:
https://dirkspencer.com/
https://resumepsychology.com/
https://thecandymakerresume.com/
https://theoneinterviewquestion.com/
https://dirksinterviewpsychology.com/
Regina Criminal Lawyer Will Advise You on the Best Defence at merchantlaw.com/regina-criminal-lawyer
A Criminal Lawyer is a law practitioner who specializes in criminal law. He is also called as a lawyer in the field of criminal law. There are lots of differences between a Criminal Lawyer and a Criminal Defense Lawyer. For starters, Regina Criminal Lawyer is the one who has to defend people charged with crimes. They have to do this by proving the person guilty.
Our Profile
https://www.slideshare.net/MerchantLawGroup
More Links
https://app.box.com/s/l8xrny9r5btj7h785ayz9twkaol3hrae
This is one of presentations from the 2009-2010 Game Industry Start Up Workshop Series. The first workshop topic was "How to Form and Protect Your Business" and it took place on 9/15/09.
Whitney Skala PPT for Urban Land Inst on Mar 6, 2012wmskala1310
This PPT was part of my hour and a half presentation to the San Diego chapter of Urban Land Institute. The subject was entity formation for real estate investors, developers, and service providers.
Garland Brown, an attorney with GreenBerg, Traurig, LLP discusses fundamentals of organizing, funding and IP for startup technology companies. See www.danlistens.com for other notes.
Business Law 101 aka Why the Heck Do I Need a Business Lawyer?Jeffrey O'Brien
An overview of basic business law concepts and a discussion of some common mistakes which your business attorney - if you have one, that is -- can help you avoid.
This is the first module in the Canadian Small Business Course.
In this module, we examine the forms of organization that a business can take in Canada. Well look at proprietorships, partnerships and corporations.
We analyze the advantages and disadvantages of each form, along with the tax filing requirements for each. Also reviewed are the tax planning opportunities that are available under each form. Most importantly, we go over the decision process that you should go through when choosing the proper method.
Choosing the right entity type could be a time taking process, but with the right information you can start your venture pretty soon. This Presentation would give exactly the right information that is self sufficient to incorporate a LLP in India.
Contract vs Full-Time Employment - what the IRS wants you to know, how to decide which is better for you and who to get help from when you decide contracting is the way to go...
Other website from Dirk Spencer, Corporate Recruiter include:
https://dirkspencer.com/
https://resumepsychology.com/
https://thecandymakerresume.com/
https://theoneinterviewquestion.com/
https://dirksinterviewpsychology.com/
Regina Criminal Lawyer Will Advise You on the Best Defence at merchantlaw.com/regina-criminal-lawyer
A Criminal Lawyer is a law practitioner who specializes in criminal law. He is also called as a lawyer in the field of criminal law. There are lots of differences between a Criminal Lawyer and a Criminal Defense Lawyer. For starters, Regina Criminal Lawyer is the one who has to defend people charged with crimes. They have to do this by proving the person guilty.
Our Profile
https://www.slideshare.net/MerchantLawGroup
More Links
https://app.box.com/s/l8xrny9r5btj7h785ayz9twkaol3hrae
This is one of presentations from the 2009-2010 Game Industry Start Up Workshop Series. The first workshop topic was "How to Form and Protect Your Business" and it took place on 9/15/09.
Whitney Skala PPT for Urban Land Inst on Mar 6, 2012wmskala1310
This PPT was part of my hour and a half presentation to the San Diego chapter of Urban Land Institute. The subject was entity formation for real estate investors, developers, and service providers.
Garland Brown, an attorney with GreenBerg, Traurig, LLP discusses fundamentals of organizing, funding and IP for startup technology companies. See www.danlistens.com for other notes.
Business Law 101 aka Why the Heck Do I Need a Business Lawyer?Jeffrey O'Brien
An overview of basic business law concepts and a discussion of some common mistakes which your business attorney - if you have one, that is -- can help you avoid.
This is the first module in the Canadian Small Business Course.
In this module, we examine the forms of organization that a business can take in Canada. Well look at proprietorships, partnerships and corporations.
We analyze the advantages and disadvantages of each form, along with the tax filing requirements for each. Also reviewed are the tax planning opportunities that are available under each form. Most importantly, we go over the decision process that you should go through when choosing the proper method.
Choosing the right entity type could be a time taking process, but with the right information you can start your venture pretty soon. This Presentation would give exactly the right information that is self sufficient to incorporate a LLP in India.
Public limited company registration proposal cvplcorpzo
It is a form of business which is came into existence through companies act. It is a form of business having separate
legal entity from its promoter just like other forms of company. The main advantage of Public limited form of
company is that it can raise capital from the public, it can transfer its share from one person to another, and there is
more opportunity of growth and expansion under this form of company and many more
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
BarCamp 2010, LLCs vs. Corporations: pick one and start TODAY
1. Corporations
vs
LLCs
Why you should pick one and start NOW!
b y K e v i n T h o m p s o n
w w w. l a w o f f i c e k t. c o m
@ k e v i n _ t h o m p s o n
w w w.f a c e b o o k . c o m / k e v i n t h o m p s o n
#bcn10entity
7. What are my
choices?
• Sole Proprietorship
• General Partnerships
• Limited Partnerships
• Limited Liability
Companies
• “S” Corporations
• “C” Corporations
8. What are my
choices?
• Sole Proprietorship
• General Partnerships
• Limited Partnerships
• Limited Liability
Companies
• “S” Corporations
• “C” Corporations
10. Considerations
Type of business
Long term goals
How many owners
Will the business borrow money
Will the business EVER seek investors
Will another company own a share
What restrictions do owners want on exit plans
17. “S” Corporation
Advantages
Simple to form
Flow through taxation
No self-employment tax
Limited liability
18. “S” Corporation
Advantages
Simple to form
Flow through taxation
No self-employment tax
Limited liability
Low cost formation and
annual fee ($100 / $10)
23. “S” Corporation
Disadvantages
Restrictions on ownership
Cannot own interest via a
business, must be US citizen
24. “S” Corporation
Disadvantages
Restrictions on ownership
Cannot own interest via a
business, must be US citizen
No preferred stock
offerings
25. “S” Corporation
Disadvantages
Restrictions on ownership
Cannot own interest via a
business, must be US citizen
No preferred stock
offerings
Hall Income Tax a/k/a
Tennessee’s state income tax
26. Who would want a S-Corp?
Home office
No employees
One person band
Free lance work
Zero desire for funds
38. “C” Corporation
Disadvantages
Double tax
Many formalities i.e.
corporate resolutions, annual
meetings, etc.
39. “C” Corporation
Disadvantages
Double tax
Many formalities i.e.
corporate resolutions, annual
meetings, etc.
Lack of flexibility: strict
legal boundaries re. shares.
40. Who would want a C-Corp?
Multiple employees
Angel or Venture funds
Visions of going public
Stock incentives
Multiple rounds of funding
Legal protections
Anticipate a stock swap merger
42. For Office Use Only
C HAR TE R
(For-Profit Corporation)
Corporate Filings
312 Eighth Avenue North
6th Floor, William R. Snodgrass Tower
Nashville, TN 37243
The undersigned acting as incorporator(s) of a for-profit corporation under the provisions of the Tennessee Business
Corporation Act adopts the following Articles of Incorporation.
1. The name of the corporation is:
[NOTE: Pursuant to Tennessee Code Annotated § 48–14–101(a)(1), each corporation name must contain the words
corporation, incorporated, or company or the abbreviation corp., inc., or co.]
2. The number of shares of stock the corporation is authorized to issue is:
3. The name and complete address of the corporation's initial registered agent and office located in the
State of Tennessee is:
( Name )
TN
( Street Address) (City) (State/Zip Code)
( County )
4. List the name and complete address of each incorporator:
( Name ) ( Include: Street Address, City, State and Zip Code )
( Name ) ( Street Address, City, State and Zip Code )
( Name ) ( Street Address, City, State and Zip Code )
5. The complete address of the corporation's principal office is:
( Street Address ) ( City ) ( State/County/Zip Code )
6. The corporation is for profit.
7. If the document is not to be effective upon filing by the Secretary of State, the delayed effective date and time are:
Date , , Time (Not to exceed 90 days.)
8. Other provisions:
Signature Date Incorporator's Signature
Incorporator's Name (typed or printed)
SS-4417 (Rev. 9/04) Filing Fee: $100 RDA 1678
43.
44. Action of Incorporator
Consent of Board of Directors
Consent of Shareholders
Bylaws
Sub-S election (if you want “S”
corporation)
50. LLC
Advantages
Flow through taxation
No limitation on
ownership
Can create multiple
classes of shares and SERIES
51. LLC
Advantages
Flow through taxation
No limitation on
ownership
Can create multiple
classes of shares and SERIES
Great if raising capital
52. LLC
Advantages
Flow through taxation
No limitation on
ownership
Can create multiple
classes of shares and SERIES
Great if raising capital
No Hall Tax (if owners are
TN residents)
53. LLC
Advantages
Flow through taxation
No limitation on
ownership
Can create multiple
classes of shares and SERIES
Great if raising capital
No Hall Tax (if owners are
TN residents)
More flexibility, fewer legal
impediments
54. LLC
Advantages
Flow through taxation
No limitation on
ownership
Can create multiple
classes of shares and SERIES
Great if raising capital
No Hall Tax (if owners are
TN residents)
More flexibility, fewer legal
impediments
Can be converted to a
corporation
55. LLC
Advantages
Flow through taxation
No limitation on
ownership
Can create multiple
classes of shares and SERIES
Great if raising capital
No Hall Tax (if owners are
TN residents)
More flexibility, fewer legal
impediments
Can be converted to a
corporation
Flexibility in management
56. LLC
Advantages
Flow through taxation
No limitation on
ownership
Can create multiple
classes of shares and SERIES
Great if raising capital
No Hall Tax (if owners are
TN residents)
More flexibility, fewer legal
impediments
Can be converted to a
corporation
Flexibility in management
member-managed
57. LLC
Advantages
Flow through taxation
No limitation on
ownership
Can create multiple
classes of shares and SERIES
Great if raising capital
No Hall Tax (if owners are
TN residents)
More flexibility, fewer legal
impediments
Can be converted to a
corporation
Flexibility in management
member-managed
manager-managed
58. LLC
Advantages
Flow through taxation
No limitation on
ownership
Can create multiple
classes of shares and SERIES
Great if raising capital
No Hall Tax (if owners are
TN residents)
More flexibility, fewer legal
impediments
Can be converted to a
corporation
Flexibility in management
member-managed
manager-managed
director managed
63. LLC
Disadvantages
Law is not developed:
not much precedence
for companies going public
64. LLC
Disadvantages
Law is not developed:
not much precedence
for companies going public
more room for litigation
65. LLC
Disadvantages
Law is not developed:
not much precedence
for companies going public
more room for litigation
Filing fee / annual fee
higher ($300 / $300 per
year minimum)
66. LLC
Disadvantages
Law is not developed:
not much precedence
for companies going public
more room for litigation
Filing fee / annual fee
higher ($300 / $300 per
year minimum)
Some companies prefer to
acquire shares instead of
assets in a merger.
67. Who would want a LLC?
Management flexibility
Angel or Venture funds
Zero corporate formalities
Prefers asset transactions
Multiple business interests
Easy transference of membership interest
68. Illustration of entity level taxation
vs. flow-through taxation
C-corporation LLC/s-corp
Net Income $100 $100
Corporate Tax Rate 35% 0%
Entity Tax Liability on Income -$35 $0
Distribution to Owner $65 $100
Tax Rate Imposed on Distribution 15% (Dividend Rat) 0%
Owner Tax Rate on Income 0% 35%
Tax Liability -$9.75 -$35
After-Tax Amount $55.25 $65.00
70. For Office Use Only
ARTICLES OF ORGANIZATION
(LIMITED LIABILITY COMPANY)
(For use on or after 7/1/2006)
Corporate Filings
312 Eighth Avenue North
6th Floor, William R. Snodgrass Tower
Nashville, TN 37243
The Articles of Organization presented herein are adopted in accordance with the provisions of
the Tennessee Revised Limited Liability Company Act.
1. The name of the Limited Liability Company is:
(NOTE: Pursuant to the provisions of TCA §48-249-106, each limited Liability Company name
must contain the words “Limited Liability Company” or the abbreviation “LLC” or “L.L.C.”)
2. The name and complete address of the Limited Liability Company’s initial registered agent
and office located in the state of Tennessee is:
(Name)
(Street address) (City) (State/Zip Code)
(County)
3. The Limited Liability Company will be: (NOTE: PLEASE MARK APPLICABLE BOX)
Member Managed Manager Managed Director Managed
4. Number of Members at the date of filing, if more than six (6): .
5. If the document is not to be effective upon filing by the Secretary of State, the delayed
effective date and time is: (Not to exceed 90 days)
Date: , Time:
6. The complete address of the Limited Liability Company’s principal executive office is:
(Street Address) (City) (State/County/Zip Code)
7. Period of Duration if not perpetual:
8. Other Provisions:
9. THIS COMPANY IS A NONPROFIT LIMITED LIABILITY COMPANY (Check if applicable)
Signature Date Signature
Signer’s Capacity (if other than individual capacity) Name (printed or typed)
SS-4270 (Rev. 05/06) Filing Fee: $50 per member (minimum fee = $300, maximum fee = $3,000 RDA 2458
80. Illustration of tax savings by running
expenses through your business
Personal / W2 Entity / 1099
Net Income $50,000 $50,000
Internet connection 0 $500
Car payment 0 $5,000
Office Supplies / Tech 0 $3,000
Meals / Entertainment 0 $3,000 * .5 = $1,500
Travel 0 $2,000
Home office 0 $500
Marketing 0 $2,500
Taxable Income $50,000 $35,000
Tax (35%) $17,500 $12,250
Difference $5,250
81. Illustration of tax savings by running
expenses through your business
Personal / W2 Entity / 1099
Net Income $50,000 $50,000
Internet connection 0 $500
Car payment 0 $5,000
Office Supplies / Tech 0 $3,000
Meals / Entertainment 0 $3,000 * .5 = $1,500
Travel 0 $2,000
Home office 0 $500
Marketing 0 $2,500
Taxable Income $50,000 $35,000
Tax (35%) $17,500 $12,250
Difference $5,250
84. Attendees are walking away with
all of the pertinent documents to
get started: a value of over
$2,000.
Corporate
LLC Forms
Forms
Action of Incorporator
Consent of Board of Operating Agreement
Directors Initial Board
Consent of Shareholders Resolution
Bylaws Subscription
Sub-S election (if you Agreements
want “S” corporation)
85. about Me
I’m an attorney and entrepreneur. I own and operate The Law Office of Kevin
Thompson and specialize in providing legal services for startup direct sales
organizations. I’m write a lot and I’ve published multiple ebooks accruing over
65,000 reads and 2,500 downloads.
Contact me via: www.about.me/kevinthompson.