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Naming your new company is a very personal choice, and the founders really need to think hard about what they want the name to be. A name can be changed later, if necessary, but this is an expensive and cumbersome process of filing an amendment, notifying your vendors and customers and changing all your stationery, […]

One of the great resources for entrepreneurs on the web is Y-Combinator’s library of articles for startups. Included among the articles is a great piece on getting funding for a startup, part of which discusses the difference between a “startup” and a “small business:” A company has to be more than small and newly founded […]

Venture capitalists come with expectations that most small businesses cannot possibly meet. They expect that the company will be sold off within about five years, and that one in ten of their companies will score ten times their original investment, a few others will do ok, and most will fail outright. It is the companies […]

Don’t take this wrong; most people are lazy in some way while they focus on more important things like family, friends, TV, movies, tweeting, Facebooking, or even working on their business. Lazy people don’t like to keep minutes, hold meetings, and generally follow many formalities. Who can blame them? Limited Liability Companies (LLCs) are perfect for […]