Online Incorporation MaxBlog

Once you easily form a LLC online with MaxFilings.com, you need to develop a formal written operating agreement between each of the partners in the company. Even if you’re a one man show, an operating agreement helps codify your limited liability.

But especially in multi-partner firms, the operating agreement can help reduce or eliminate future misunderstandings and disputes by pre-addressing management and money issues.

Corporations have specific rules from the state of incorporation – limited liability companies on the other hand have much more flexibility in their management, etc. This is why an operating agreement is important, even if your state doesn’t require you have one.

So what should I include in my LLC operating agreement? Some of the issues an operating agreement should address include:

• Ownership percentages
• Management
• Voting
• Allocation of profits and losses
• Distributions
• Rights and responsibilities of LLC members
• Ownership changes
• Amendments and dissolution

These are just a few of the general things your LLC operating agreement needs to address. We invite you to read the article LLC Operating Agreement – What Should Be Included in MaxFilings’ online incorporation knowledge center to learn more.

One of the benefits of the digital age is the fact that there is no age limit to starting a business. Before, banks would not lend to someone who hasn’t been in the corporate world for many years and demonstrated a certain maturity.

But the Internet makes forming a corporation on a shoestring easy – many new and successful businesses like Mark Zuckerberg’s Facebook are routinely started in college dorm rooms.

There are many examples of innovative young people using their drive and initiative to launch their own businesses. And now they will be getting a shot in the arm thanks to the Ewing Marion Kaufmann Foundation and the University of Miami. The Kaufmann Foundation awarded the university a $75,000 grant for the Launch Pad, a program to help college students start their own businesses while they’re still in school.

The Launch Pad started in 2008 and to date has helped over 750 students and alumni. This effort has seen the launch of 20 new companies. If it continues to be successful, this program may be replicated at other universities.

Have a new venture that you’re trying to get off the ground? We invite you to consider incorporating online through MaxFilings where you can form a corporation in as little as 10 minutes or save your information and come back later.

Online marketing, specifically blogs and other forms of social media marketing, are becoming the primary vehicle for small business owners to advertise their products and services. As the recession keeps dragging on, consumers are more meticulous when it comes to their shopping…and they’re turning to online sources more and more to carefully research products and see what others are saying about particular products or services before making a purchasing decision.

Therefore, blogs and other social media sites like Facebook and Twitter have become powerful marketing engines and have helped many businesses maintain their position in this rough economy.

But the Internet has hardly any regulation – consumers have to judge for themselves whether the reviews they see are legitimate, which is usually gauged through the quality of the site.

In an anticipated move Monday, the U.S. Federal Trade Commission voted 4-0 to issue new rules to update the longstanding principle of disclosing “material connections” between advertisers and endorsers. Decisions will be reached on a case-by-case basis according to the new rules. But now, the FTC will consider the payment a blogger may receive from a company for writing about a product an endorsement.

So, bloggers will now have to disclose any “material connections” (i.e. payment or free product) they have with the seller or face up to an $11,000 fine by the FTC.

This new rule will certainly affect fledgling new businesses such as yours but it’s nothing too major. Complying shouldn’t be a big deal but to think the FTC is going to monitor 133 million plus blogs and growing is almost laughable. These new rules will go into effect December 1st.

Nevertheless being honest about your products and services is good business anyway no matter the regulation. Operating with integrity will build your long-term business much better.

If you’re running into roadblocks in trying to figure out how to market your small business online, we invite you to take a look at our sister company SEO Advantage. This premier search engine optimization firm helps businesses grow their revenues by reaching more customers through online searches.

And it’s easy to incorporate online with MaxFilings’ online incorporation system where you can easily incorporate a business online in all 50 states in 10 minutes or less.