{"id":3425,"date":"2019-10-07T13:53:20","date_gmt":"2019-10-07T11:53:20","guid":{"rendered":"https:\/\/www.dazzlepop.net\/site\/?p=3425"},"modified":"2020-05-05T13:15:13","modified_gmt":"2020-05-05T11:15:13","slug":"10-questions-from-young-entrepreneurs-about-startups","status":"publish","type":"post","link":"https:\/\/www.dazzlepop.net\/site\/10-questions-from-young-entrepreneurs-about-startups\/","title":{"rendered":"10 Questions From Young Entrepreneurs About Startups"},"content":{"rendered":"
\"10<\/div>\n

10 Questions From Young Entrepreneurs About Startups. More and more young entrepreneurs are launching their own companies. Here are answers to their most common questions.\u00a0\u00a9 CARBALLO- FOTOLIA.COM<\/p>\n\n\n\n

Who says you can\u2019t start a business when you\u2019re young? These days, more and more young entrepreneurs who are full of great ideas, passion, and drive are launching their own companies\u2014any many are finding success.<\/p>\n\n\n\n

I recently had the pleasure of serving as a mentor to a number of young entrepreneurs as part of the innovative U.C. Berkeley-Hass Entrepreneurship Program<\/a>, which is under the outstanding leadership of Rhonda Shrader and Adeeba Fazil. The program offers undergraduates, graduates, and alumni an opportunity for career counseling, professional networking, and more to help boost their entrepreneurial endeavors.<\/p>\n\n\n\n

The young entrepreneurs I counseled had some great, creative ideas for different startups, and many of them had already gotten some early traction in their businesses. They also had some great questions\u2014questions that many entrepreneurs, young or old, have about starting, growing and financing a business. So I thought I would share my answers to those questions here.<\/p>\n\n\n\n

\"10
10 Questions From Young Entrepreneurs About Startups<\/figcaption><\/figure>\n\n\n\n

1. I\u2019m Just Starting My Business. What Kind of Entity Should I Set Up?<\/h2>\n\n\n\n

The founders of a company must initially determine whether to organize the company as a limited liability company (LLC), general partnership, a sole proprietorship, or a corporation. If formed as a corporation, the company must also determine whether to file an election to have it taxed as an \u201cS corporation\u201d rather than a \u201cC corporation.\u201d<\/p>\n\n\n\n

S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their stockholders for tax purposes. Stockholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates (so called \u201cflow-through taxation\u201d). This allows S corporations to generally avoid double taxation on the corporate income.<\/p>\n\n\n\n

A C corporation under federal income tax laws is one that is taxed separately from its owners. Generally, all for-profit corporations are classified as C corporations, unless the company validly elects to become an S corporation. A C corporation does not have limits as to who could be the stockholders (as S corporations do). And C corporations may have different classes of stock (such as preferred stock and common stock), which is not allowed for S corporations. Venture capitalists will typically only invest in preferred stock in a C corporation.<\/p>\n\n\n\n

An LLC is another entity that provides limited liability to its owners the way C and S corporations do, and an LLC also provides flow-through taxation to its owners.<\/p>\n\n\n\n

For more Startup Articles: https:\/\/www.dazzlepop.net\/site\/category\/startup\/<\/a><\/p>\n\n\n\n

Read more: https:\/\/www.forbes.com\/sites\/allbusiness\/2019\/09\/29\/startup-questions-from-young-entrepreneurs\/#1c3cd138652b<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

10 Questions From Young Entrepreneurs About Startups. More and more young entrepreneurs are launching their own companies. Here are answers to their most common questions.\u00a0\u00a9 CARBALLO- FOTOLIA.COM Who says you can\u2019t start a business when you\u2019re young? These days, more and more young entrepreneurs who are full of great ideas, passion, and drive are launching […]<\/p>\n","protected":false},"author":3,"featured_media":7978,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[29],"tags":[31,11],"class_list":["post-3425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup","tag-business","tag-startup"],"yoast_head":"\nDazzlepop | 10 Questions From Young Entrepreneurs About Startups<\/title>\n<meta name=\"description\" content=\"10 Questions From Young Entrepreneurs About Startups. 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