Archive

Posts Tagged ‘llc’

Choosing a Legal Structure for Your Startup

February 9th, 2009 Tony Kau No comments

While sole proprietorships and general partnerships are the easiest legal structures to set up, they don’t provide any personal asset protection like C-Corps, S-Corps, LLCs, and Limited Partnerships. The idea of starting a business that can put 100% of your personal assets at risk is not a smart one.

There are volumes of books about choosing the right entity, but from my experience, LLC’s and S-Corps are the most multi-purpose for the startup.  S-Corps have the advantage of easily morphing into C-Corps if you’re thinking about eventually going that route. They require more Read more…

Setting Up Your Oregon LLC

January 2nd, 2009 Tony Kau No comments

Since it’s the new year, I know a lot of you are thinking about finally getting that dream business on its feet. Many people I’ve talked to about their business are astounded when I tell them how easy it is to set up their own Limited Liability Company here in Oregon. There are many advantages to registering as an LLC compared to a simple sole proprietorship or general partnership, including liability protection and tax benefits. I am not a lawyer, and this cannot be considered legal advice, but here is how to set up your Oregon LLC:

1) Google your business name – just check out what comes up if you type your desired business name into a search engine. If someone is already using the same name, not only would it Read more…