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Non-Traditional Corporate Identities

2/12/2013

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As your company begins to gain ground, you will soon be considering how to incorporate. A question to ask yourself: what is your company identity? You may be a company that is offering a service to its customers. Or, your company may be doing more than just providing that service and making a profit—your company’s ultimate goal may be to offer a public benefit, making a positive impact on society or the environment.  Many companies have moved towards some form of a hybrid corporate identity, and California has kept up with the movement by offering two new types of corporations: the Benefit Purpose Corporation, and the Flexible Purpose Corporation. While both corporations aim to accommodate companies who want to identify themselves by the social benefits they create, the two corporations differ not only in identity, but also in purpose.



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Employee vs. Contractor: The Definition that Matters

2/11/2013

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As your company starts to grow, and you begin to hire individuals to help you keep up with expansion, there is the daunting task of determining whether you should be hiring individuals as employees, or as independent contractors. Why does it matter? I’ll tell you why: the IRS cares, and so should you. If you misclassify your new hire, you will be liable for employment taxes for that worker. To avoid the unpleasant series of consequences, we offer guidance to avoid this misstep.





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Laying it Out: Tips on Creating a Stellar, Fundable Business Plan

8/17/2012

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When it comes to pitching your start-up, Mother's advice rings true: you only get to make a first impression once. Your new venture’s business plan could be that first impression that gets you the right investors and advisers, or the reason your great start-up idea never gets off the ground.  Moreover, constructing a carefully designed business plan provides a framework for thinking through some of the challenges your start-up will face and can help you refine your strategies. 

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