Business

What you should know to buy an e-commerce business

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Buying an e-commerce business may sound easy. However, you will need to do you diligence before purchasing one. Summary Understanding the E-commerce Business It is important to understand how the target company works. There are a lot of variations of business types in e-commerce, including dropshipping, OEM, and ODM businesses. Each business has different expenses … Read more

Starting An Corporation?

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Anyone can use an incorporation service to start their business. However, those services may not help you understand the documentation that goes into having a business. You can also find information for LLCs here. Necessary Corporation documents: Articles of Incorporation The Articles of Incorporation is a document that is filed with the state to incorporate … Read more

Starting an LLC?

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Anyone can use an incorporation service to start their business. However, those services may not help you understand the documentation that goes into having a business. You can also find information for Corporations here. Necessary LLC documents: Articles of Organization The Articles of Organization is a document that is filed with the state to incorporate … Read more

Business Formation Checklist

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Business Entity Selection The main businesses that need to file with the government are Corporations and LLCs. There are many differences between the two. More information can be found here. Articles of Incorporation Articles of Incorporation is the document that is filled out and sent to the Secretary of State to establish the business entity. … Read more

Privacy Regulations Checklist

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Below are a list of privacy regulations that may apply in e-commerce businesses. Other regulations may apply as all businesses are different. Federal Regulations Federal Trade Commission (FTC): The FTC has authority through the FTC Act, which prohibits “unfair or deceptive acts or practices in or affecting commerce.” The act is broad and can cover … Read more

E-commerce Business Checklist

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Business Retailer: A retailer can be an individual or a business entity. An owner should understand the liability of these options. As an individual, the individual can become individually liable for any disputes that occur. If the owner is an established business entity, the business entity can protect the individual from such liability. Protection from … Read more

Corporate Documents

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There are a set of corporate documents that should be archived when the legal entity is set up. These documents will be important as the business scales up and investors are sought. SUMMARY Articles of incorporation should be filed with the Secretary of State to set up an entity. By-laws and other resolution agreements are … Read more

Considerations of Business Entities

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There are many considerations of each business entities. The main consideration is to protect personal assets from the business liabilities. Make sure to talk to an attorney to understand which business type is most suitable for a business. SUMMARY Suppliers may have concerns if they are not dealing with a legal entity. They may also … Read more

Business Entities

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There are many reasons to set up business entities before starting to sell products. SUMMARY There are 3 main entities: C-Corp, S-Corp, and LLCs. The business may be considered a sole proprietorship or partnership without filing to be a legal entity. See CONSIDERATIONS OF BUSINESS ENTITIES. CORPORATION Corporations are separate entities from the owner. Setting … Read more

Design Patent Business Consideration

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Now that there are a lot more e-commerce businesses, there is a lot more competition for each product. Most new businesses are looking for the popular product and trying to create one similar to it. In addition, they may want to design a product similar to a popular brand as an easy way for the product gain popularity off the backs of those designs that are already popular. Thus, it will be important to have an understanding of general design patent business considerations.

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