Before registering a business, every entrepreneur is faced with the same question: Which business structure should I choose? So that you can answer this question with confidence, it’s best to know the difference between a corporation and a partnership. Here, we’ll introduce you to the many different types of corporations in the United States and how they differ in their rights and regulations.
Around the world, hundreds of thousands of companies exist without the purpose of producing a profit. What defines these so-called nonprofit organizations (NPOs)? Here, we explain what a NPO is and explain the various areas of activity of nonprofit organizations, as well as why managing one is so special. Read on to also learn more about the challenges NGOs are currently facing.
The decision has been made: You want to start a charity and make your money work for a good cause. But: Right from the start you’re confused by the different legal requirements. Don’t worry though, these rules are pretty straight forward once you get your head around them. Apart from this, the process of starting a charity is almost the same everywhere. We’ll explain to you how it works.
When starting a business that aims to educate people or help them with religious guidance, the appropriate form for your business may be a charity. Charitable organizations are types of businesses that have a clear aim, and that are funded publicly. This article explains what a charity is and what differentiates it from other types of businesses.
If you’re planning to set up an online store, you have a lot to consider. Amongst other things, your checklist will include applying for a business license, developing a concept, and calculating your finances. But don’t despair! A host of webstore programs and optimization functions are on hand to help you succeed.
An association is the best way to join forces with like-minded people and pursue a common goal - provided you are not primarily interested in making a financial profit. In order to guarantee that your association functions in the long run, you’ll have to take a lot into account. How do you actually start an association? And what are the requirements for starting an association?
Are you planning on setting up a side business and want to know how to go about it? Starting your own side business while working full time is a great way to minimize your financial risk. Test the waters, but first make sure you are legally registered and that you are even allowed to work on the side. This article contains a step-by-step guide on how to make the process run without a hitch.
By definition, due diligence is pretty much risk assessment undertaken with great care. Anyone who buys a company, or has shares in a company or in real estate, should carry out due diligence procedures to protect themselves from unpleasant legal or financial consequences. Although this examination can sometimes be complex and expensive, failing to do so and paying the price later is usually more...
Company registration might not be required for every US business, but it’s important for public companies to file their documents with the Securities and Exchange Commission’s database, known as EDGAR. We introduce you to the electronic filing system and what to expect.
Commercial law provides for various regulations when it comes to liability issues in a general partnership. The company itself may enter into liabilities and have to assume responsibility for them independently. You can find out who is liable and how liability is regulated for the entry and withdrawal of partners or how to dissolve a general partnership in this article.
Starting a business can be challenging. In this category, prospective entrepreneurs will find everything from coming up with a sustainable idea and creating a strong business plan, to funding, legalities, and the key steps required to get a project off the ground.