Setting up an online store: The basics

Setting up an online store: the basics

 

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...

 

Crowdfunding

Crowdfunding

 

Crowdfunding is a way of raising funds for a project using an online campaign. It’s a popular way of financing, especially for private individuals and startups. Usually private individuals are addressed directly. Four main crowdfunding models have been established, which differ...

 

Startup financing | Options for funding

Startup funding: tips on corporate financing and promotion

If you want to create your startup independently, the question will come up sooner or later of how the company will be financed. Nowadays, there are so many options for startup funding: regional and nation-wide funding programs can help, as well as angel investors, startup centers, and other investors. Long-term subsidies that last two or more years are not a rarity in the startup industry. Learn...

Part-time self-employment

Self-employed part-time – what do I need to know?

Would you like to work part-time as a self-employed person? You are not the only one. No wonder, as there are some advantages to owning a start-up, like minimizing your financial risk. Starting a part-time self-employed side gig is easy, but there are certain conditions to be observed. If you start your own business on a part-time basis, you will be faced with a number of considerations: How will...

Patent application

How to patent an idea: The procedure and costs explained

Those who apply to register a patent protect their intellectual property against third parties using the same idea. But a patent application requires good preparation and a lot of effort. Before national or even international protection of your idea is guaranteed, there is often a long way to go through various authorities. We explain how to successfully apply for a patent and how to save time and...

Declaration of intent

Declaration of intent–what’s behind it?

Shopping for bread at the bakery, grabbing coffee at the subway station, ordering online: Every day, we get involved in legal transactions, and each time, we enter a declaration of intent. From a legal perspective, the process covers many different aspects. Which elements belong to a declaration of intent, and what types exist? We’ll explain the meaning of a declaration of intent with some...

Business permits for start-ups

Starting a business: entrepreneur vs business owner

Starting a business can be a dream come true for many entrepreneurs. Once you’ve decided on the right legal structure and told the IRS about your plans, you may think you’re ready to get going. But depending on the type of business you operate you may have to apply for a license or permit to sell goods or services. Here’s what you need to know.

Guarantor

What are guarantors?

Getting a loan sometimes doesn’t work out because the bank is not certain that the applicant can afford the instalments. A guarantee helps secure this. But what is a guarantee ? It gives a creditor additional security for an agreed payment: in an emergency, the guarantor pays the amount owed. This can be a private person, but also an insurance company or a bank, for example. What exactly is a...

Additional capital contributions and capital calls

Additional capital contributions: Definition and explanation

What happens when a limited liability company needs more money than it can raise on its own? In this instance, the operating agreement may include a call for additional capital contributions. We explore what they are and how they differ from initial capital contributions.

Start a sole proprietorship

How to start a sole proprietorship

A sole proprietorship is one of the easiest types of businesses to set up. All you need to get started is a business idea and a bit of courage. The one-person business does not require registration with the state, but there are plenty of other requirements you will need to fulfill. It’s important to understand the risks and costs that could arise when you’re setting up a sole proprietorship.

What is a sole proprietor?

The sole proprietorship: Everything a business founder should know

Sole proprietorships are by far the most popular business form in the USA. Compared to other enterprise structures, the set-up costs are low and large financial reserves aren’t necessary. This structure makes it easy and uncomplicated to become self-employed. However, there are also drawbacks and risks that every founder should be aware of beforehand.

Starting a non-profit corporation

How do you launch a non-profit company – a manual

Starting a non-profit corporation can be a great way to give back to the community or support a cause you are passionate about. A growing number or start-ups are turning to this corporate structure because of its associated limited liability protection, tax exemption status and high degree of flexibility. But the charitable nature of the business has to be confirmed by the Internal Revenue...

Get Started

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.


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