11/14/2022 0 Comments Setting up llc![]() ![]() Choose a name and make sure its availableįirst, pick a name for your LLC. Insider breaks down the 4-step process, what documents you'll need, and some best practices for early-stage entrepreneurs. Especially as Americans continue to tap their entrepreneurial spirit during the pandemic - 4.4 million businesses were created last year, a 24% increase from the prior year. While experts say setting up an LLC is simple, there are critical steps and best practices to follow to ensure you're doing it right. "We've had to redo the entire foundation and structure of the business," said John, who recently partnered with business development service Inc Authority to help entrepreneurs avoid these mishaps. ![]() Instead of setting up their companies as Limited Liability Corporations (LLC), they formed other structures, like a sole proprietorship or partnerships. Throughout Daymond John's 11 years on Shark Tank, he's worked with a handful of entrepreneurs who've misclassified their business structure. Insider breaks down the 4-step process and what documents you'll need.While experts say setting up an LLC is simple, there are critical steps to ensure you're doing it right.Shark Tank's Daymond John has worked with a handful of entrepreneurs who've misclassified their business structure. ![]()
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