Category: Legislation

Are Non-U.S. Residents Allowed to Own a Corporation or LLC?

There are no citizenship or residence requirements for ownership of a C Corporation or an LLC. The S Corporation however does not allow nonresident aliens to be shareholders (owner), but any US citizen or resident alien may be a shareholder (owner). You would, of course, require an in state street address for the state to …

Flowchart Outlining If You Should Quit Your Job

Who hasn’t pondered, “Should I quit my job?” From demanding bosses to long commute times and low salaries, there are thousands of reasons why workers daydream about quitting their current job to find one that makes them feel valued and fulfilled. If you find yourself in this position today, here are some guidelines to help you make this overwhelming decision.

How to Determine the Optimum Legal Structure for Your Business

The advantages of having an LLC over a Sole Proprietorship There are four main factors to consider when an entrepreneur decides on the form of organization that best fits in a new business: taxes limitation of personal liability ease of transferability and admission of new owners investor expectation In almost all cases a founder should …

Dilbert Becomes an Entrepreneur and Starts His Own Business

Dilbert is one of the best business comic strips, and here he fantasizes about having his own business and working for himself. The entrepreneurial bug hits him and he is overcome with passion for his work and wants to put all his energy into his business. See what happens next: Dilbert is the most popular …

How the Startup Funding Process Really Works

Learn how you can get funding for your new business venture and become a high flying entrepreneur. Creating a startup is continuously challenging and incredibly rewarding, and this chart shows the process that you will go through as your business grows from 1 to 1000 people. 100% of nothing is much less desirable than 17% …