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What is a C Corp?

“C corporation” or “C corp” stands for “corporation.” The “C” comes from the fact that C corp income is taxed under the subchapter C of the Internal Revenue Code. That’s the law that responsible for the double taxation that C corps are known for, which we’ll go into more below. C corps are the most common type of corporation in the United States, but they may or may not be the best options for your startup!

Corporations are a business entities that exist entirely separately from their owners. They can be taxed, make a profit, and be held liable. In fact, they offer the highest level of protection from personal liability for the owners.

When it comes to stock, C corps can issue stock and shareholders can sell their stock a...

If you have begun a start up, you will have discovered that jobs never go without problems. Problems can occur before a job even begins, most certainly will occur during a job, and can even appear after a job is seemingly finished.

A man who used share our workshop space used to always preach — problem, reaction, solution. Problem. Reaction. Solution. He deemed it a life lesson. A motto to work by. In truth, it never meant much until our workload increased. As the jobs get bigger and more ambitious, these three words have become part and parcel of my working life. Learning to embrace them, and work through them, is a challenge you will face in every project.

Problem.

Problems usually fit into two categories; little issues and off ups...

According to the Small Business Association, veteran-owned businesses make up 9.1 percent of all US businesses — and they all need capital to get and keep them going. But securing financing for a startup or a small business is almost never easy. And it can be even more difficult for veterans, who may have gaps in their financial history due to time on active duty.

Luckily, there are a few options for business loans for veterans. Some are government-funded, while others come from the private sector. Let's take a look first at government-funded small business loans for veterans and then dive into the private sector.

Government-funded business loans for veterans

The Small Business Association (SBA) administers the most well-known small business l...

No trust? You’re toast.

I learned this lesson in what I’m convinced was the toughest way possible. When I co-founded my company, Influence & Co., I knew that in order to help us grow, make valuable connections, and land some qualified clients, I needed to dive headfirst into the word of networking.

I had a solid background in sales, so I walked confidently into my first conference, expecting to shake hands with industry leaders and influencers I could blow away with my knowledge and expertise.

This, as you’ve probably guessed by now, did not happen. I could hardly get the time of day from other attendees. It hurt me to my core and shook my faith in my ability to actually grow this company that I had put so much into already.

Why was I gett...

Today isn’t just about our new site launch – it’s about why we launched it. For those of you that have been following our story for the past few years, you know that we’ve grown our startup platform quite a bit, helping over a million startups get from idea to launch.

Most of what you’ve seen has focused on our products, whether it’s Fundable for raising capital, Clarity.fm for finding mentors, or Launchrock for acquiring customers.

But behind the scenes, we’ve been working on something far bigger: our community.

Bringing the startup community together has always been our greatest goal. This site launch has given us the opportunity to make it happen, and offer our vision for a new voice and a fresh narrative to the startup journey.

More imp...

As a startup reviewer, not a week goes by when I’m not introduced to a new solution intent on burying the spreadsheet forever. Like weeds, however, spreadsheets keep turning up.

That comparison may sound unfair, but, aside from email, it’s hard to think of a more reviled tool than the spreadsheet. And maybe it’s time to let go of our loathing. After all, if spreadsheets have enough inherent value that we continue to use them, couldn’t they be improved instead of abandoned? Is it possible for us to move beyond regarding the spreadsheet as a necessary evil?

If you’re thinking it would take no less than magic to invoke such a change of heart, you’re close to the mark. The Magic Spreadsheet, developed by HEAT Intelligence, uses a dash of AI sor...

A lot of entrepreneurs start companies based on their own needs: Travis Kalanick couldn’t get cab — Uber was born. Brian Chesky and Joe Gebbia were having trouble making rent, so they rented out their apartment — and we ultimately got AirBnB. It’s a common narrative but, sometimes, entrepreneurs start companies that have nothing to do with their own needs and have everything to do with the gaps they see in the market.

I like creating things that have a positive impact on the world.

That’s the case for Chris Gatbonton, the founder of Creation Crate. Chris is one of those guys who’s been running businesses as long as he can remember. In college he creating a beverage that was deemed “the greatest chaser to alcohol,” which was an aloe vera dri...

Question: My Startup company is scaling and, therefore, hiring rapidly. What is one thing I should do to avoid diluting our culture?

The following answers are provided by members of Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched BusinessCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.

Match New Employees to Veteran Mentors

I like to match each new hire with one of my veteran team members. We care a lot about our culture, and for me, it’s a part of the onboarding process. Mentoring has worked very well to keep the habits that built us up stick around.

— Adam ...

1984. A novel that probably most folks were forced to read begrudgingly at some point or another while attending english class (also begrudgingly). As a millennial, I can see among my peers that there’s an undercurrent attitude of irreverence towards the old ways of doing things. It’s like we have some weird anti-establishment angst that we just never grew out of and carry with us wherever we go.

A lot of it is just mob mentality — out with the old, in with the new! Down with bureaucracy! Big brother is evil! Overthrow the tyrannical parents!

Attitudes like that, coupled with the enormous success of the irreverent celebrities of our time (think Zuckerberg with his refusal to wear suits) makes us want to do things differently, even if diffe...

In today’s world information spreads so quickly that it changed the way companies compete. We, at the Standuply team, believe that for an online company the most crucial thing is the product’s quality. And therefore, one of the most important persons in a company is the Product Manager. Being fans of Slack, we decided to investigate.

What can Slack offer to Product Managers?

It turns out that managers can satisfy almost all their needs using Slack and its apps. Some of the apps are still raw, others are just plain integrations with 3rd party services. But there are already a lot of well made, useful products designed purely for Slack, for example Growbot, and we too are doing our best with Standuply to be among the best as well.

Here is ou...