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Author: Steve Hoffman

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Steps to Implement: The market offers you a few options today.

November 19, 2020December 5, 2020Steve Hoffman

Ready to start? If you have already reviewed these sites and now want to start your business, you can proceed directly to the DC Government’s Business Center that offers a startup “Wizard.” Basic filing fees for all steps typically will cost a
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Decision – Corp, LLC, Other? This choice includes some key questions.

November 19, 2020December 5, 2020Steve Hoffman

Owner total and type. How many owners will there be, and could some of these foreseeably be investors like other LLCs or entity types? Partnerships require at least two partners minimum but have no max, while an LLC structured for to be
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DC Business Entity Types: These options offer different types of support.

November 19, 2020December 5, 2020Steve Hoffman

Limited Liability Company (LLC) An LLC is a hybrid business that draws advantageous characteristics from both corporations and partnerships. Advantages Profits and losses pass through the company to its owners for tax purposes Personal assets are protected from business liability No limitation
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