The previous statement is based on practice: over the past decade at least a thousand presentations and defenses of business projects have been reviewed, and I have helped many entrepreneurs to develop business plans for translating their ideas. And what was my impression …
The first common feature of start-up entrepreneurs is that, at the start, they are blinded by their “super-wonderful” business idea, love it, like a child born in the throes of it. From here – the blind and unsupported confidence that their idea is the best, the proposed value (good, product) is unique, and the market and society will simply be happy with this proposal. Continue reading
Within the limits of their shares, LLC participants will receive dividends and bear the risk of losses. Consequently, the participants of the company risk only that they contributed to the authorized capital – this is the essence of the term “limited liability. For the obligations of the company, its members are not liable.
50 people – the maximum number of participants in a limited liability company. If this number is exceeded, the law requires that the organization be transformed into a joint stock company within a year. Continue reading