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So I need help deciding what kind of business to incorporate as. My partner and I are based in Texas. We have an MVP already, and in fact have had a demo to investors who have promised a 7 figure sum to us. (as of now its still 0 money, cuz we haven't seen a penny yet). However, one thing we haven't done yet is incorporate. I know that the canonical advice is a Delaware C Corp, but it seems there is a decent amount of costs associated as far as paying state taxes, etc. I assume that we might take some funding from investors in exchange for shares/stock in the company. So what to do here? Should we use something like Clerky.com or one of the other DE registry services such as https://www.delawareinc.com/ourservices/ ? Any suggestions from those who have done this already?
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Sep 28, 2016 17:16
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Doc Hawkins posted:Stripe Atlas is made for people in your situation. The only thing is that we don't plan to be retail, so having a credit card processor is sort of useless for us. Motronic posted:I think you need to do more research on your own. The reason so many companies are incorporated in Delaware is because there is no state tax. You seem to be under the opposite impression. I think you are right about the lawyer. I think thats what is on our list for the next week or two
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Sep 28, 2016 22:07
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So we did it.... We incorporated. The primary reason we were pushed to this is we saw a market that needed someone to fill a large value need. Let's hope this takes off!
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Oct 8, 2016 18:17
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Analytic Engine posted:Read the 1st half of Chaos Monkeys Friend of mine wrote that. Great book.
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Oct 28, 2016 01:24
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