Skip to content
The Stripes Blog

The Stripes Blog

We Blog For You

Primary Menu
  • Home
  • Sports & Entertainment
  • Travel Planet
  • Gaming Culture
  • Tech Culture
  • Crypto Wallet
  • Business Time
  • Elden
  • Home
  • Business Time
  • Get Started With The Right Legal Document For Your Business

Get Started With The Right Legal Document For Your Business

Frank Fisher 3 min read
98

There are a lot of different legal documents that businesses need in order to operate. The type of business you have will determine which documents you need, but there are some that are essential for all businesses. If you’re just getting started, it’s important to make sure you have the right legal documents in place so that your business is protected.

The first document you’ll need is a business license. This will vary depending on your business type and location, but all businesses need some form of license in order to operate legally. You can usually apply for your business license through your local Chamber of Commerce or government website.

Articles of incorporation vs articles of organization

If you’re starting an LLC or corporation, you’ll need to file articles of organization or incorporation with your state. These documents are what officially form your business and give it legal status. Without these documents, your business will not be recognized by the government and will not be able to operate.

You can usually find templates for these documents online, or you can have an attorney prepare them for you. Once you have your articles of incorporation or organization, you’ll need to file them with your state and pay the filing fee.

The key differences between the two types of articles are

-The purpose of the business: A corporation is typically formed to make a profit, while an LLC can be formed for any legal purpose.

-How the business is taxed: Corporations are taxed as separate entities, while LLCs are taxed as pass-through entities. This means that the owners of an LLC are taxed on their personal income, rather than the LLC itself being taxed.

-The level of liability protection: Corporations offer limited liability protection to their owners, while LLCs offer full liability protection. This means that the owners of a corporation can be held liable for the debts and liabilities of the business, while the owners of an LLC are not.

How to decide which type of article is right for your business

The type of business you have and your goals for the business will determine which type of article is right for you. If you’re starting a business that will make a profit, then you’ll need to file articles of incorporation. If you’re starting a business that doesn’t have to make a profit, then you can file articles of organization. And if you’re starting a business that will be taxed as a pass-through entity, then you’ll need to file articles of organization.

Once you have your business license and articles of incorporation or organization, you’ll be ready to start operating your business. Make sure you keep these documents in a safe place so that you can reference them if needed. And if you have any questions, be sure to consult with an attorney to make sure you’re in compliance with all the legal requirements for your business.

This article is for informational purposes only and does not constitute legal advice. If you have any questions about your specific situation, please consult with an attorney.

The benefits of filing articles of incorporation or organization

-Your business will be officially recognized by the government.

-You’ll be able to operate your business legally.

-You’ll have limited liability protection for your business.

-Your business will be taxed as a separate entity.

The downside of not filing articles of incorporation or organization

-Your business will not be officially recognized by the government.

-You’ll be operating your business illegally.

-You could be held liable for the debts and liabilities of your business.

-Your business will not be taxed as a separate entity.

Continue Reading

Next: Donate To Your Favorite Political Party And Get Tax Deductions

Trending Now

Fixing Your Blown or Leaking Head Gasket 1

Fixing Your Blown or Leaking Head Gasket

Tony Saxon
What are E-Visas? 2

What are E-Visas?

Frank Fisher
Can You Renew or Extend a Payday Loan? 3

Can You Renew or Extend a Payday Loan?

Frank Fisher
After Beating Morgott the Omen King in Elden Ring: What’s 4

After Beating Morgott the Omen King in Elden Ring: What’s

Frank Fisher
Exploring What ‘Show Multiplayer Status’ Does in Elden Ring 5

Exploring What ‘Show Multiplayer Status’ Does in Elden Ring

Frank Fisher
Navigating Elden Ring: How To Get To Nokron After Radahn 6

Navigating Elden Ring: How To Get To Nokron After Radahn

Frank Fisher

Related Stories

5 Practices in Cold Chain Logistics Management
2 min read

5 Practices in Cold Chain Logistics Management

Tony Saxon 97
Reasons Why Corporate Offices Use a Binding Machine
3 min read

Reasons Why Corporate Offices Use a Binding Machine

Frank Fisher 96
Afraid You’re Being Manipulated At Work? Discover What To Watch Out For
3 min read

Afraid You’re Being Manipulated At Work? Discover What To Watch Out For

Frank Fisher 116
Tips for transitioning from business analyst to product manager
5 min read

Tips for transitioning from business analyst to product manager

Frank Fisher 202
Which Is More Important for a Companys Success? A Good Business Analyst or an Experienced Project Manager
5 min read

Which Is More Important for a Companys Success? A Good Business Analyst or an Experienced Project Manager

Frank Fisher 314
The Postal Service is Hiring
3 min read

The Postal Service is Hiring

Frank Fisher 114

Trending News

The Justice Department’s Role in Safeguarding The Rule of Law sources biden doj house technylenpolitico 1

The Justice Department’s Role in Safeguarding The Rule of Law

Frank Fisher
What Would Happen if Elon Musk Bought Twitter look elon musk tesla twitterstreetjournal 2

What Would Happen if Elon Musk Bought Twitter

Frank Fisher
What Did NSO Group Offered a US-Based Mobile Security Company? whistleblower doj nso us mobileumtimberg washingtonpost 3

What Did NSO Group Offered a US-Based Mobile Security Company?

Frank Fisher
Key Differences Between Business and Personal Credit Cards 4

Key Differences Between Business and Personal Credit Cards

Frank Fisher
Get The Most Out Of Your Tax Deductions 5

Get The Most Out Of Your Tax Deductions

Frank Fisher
Learn about the different types of debt securities 6

Learn about the different types of debt securities

Frank Fisher
Business Check vs Personal Check: A Quick Overview 7

Business Check vs Personal Check: A Quick Overview

Frank Fisher
  • Contact Us
  • T/C
  • Privacy Policy
  • Meet the team
© 2022 thestripesblog.com