Alternative Lenders vs. Banks

Alternative Lenders vs. Banks

In recent months there has been an influx of startups that offer alternative sources of financing. Marketed to small businesses and individuals, these alternative lenders exist largely online and promote a quick application process. While these companies may provide access to funds for those who may otherwise face denial from banks, they typically offer different terms which clients may or may not find favorable. That’s […]

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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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