Part II: Partnership

Part II: Partnership

“Partnership: General, Limited and Joint Venture”   Starting a law firm? An accounting practice? Truth is, many service companies with so-called “partners” are best suited incorporating as a partnership (duh). A partnership is simply a company in which two or more people share ownership. Ostensibly, each partner contributes to all aspects of the business (capital, property, labor). In return, partners share the profits and losses […]

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Part I: Sole Proprietorship

Part I: Sole Proprietorship

“You are the business” Are you a marketing consultant? Maybe you’re a freelance writer and you dabble in design as well. You’re probably best suited incorporating as a Sole Proprietorship. This is the simplest corporate structure; the company is started in your name, you have no employees and there is no distinction between the business and you – the owner. Simply put, you are entitled to […]

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Incorporation for Startups Series

Incorporation for Startups Series

Incorporation for Startups Series: Introduction Have a great idea for a startup, and have no idea how to get started? Cancel your next meeting and welcome to the Nomad Financial Incorporation for Startups Series! This is a series, which will be rolling out over the next 6 weeks, will profile the different incorporation options available to you as a business owner. Hopefully by the end of the series, one structure will fit, […]

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