Incorporation is the forming of a new corporation.
11
votes
7answers
3k views
Do you have a holding company?
Like many entrepruneurs, I operate multiple businesses under separate entities. They're all LLC/S-corps, and someone suggested that I form a holding company for additional liability protection and ...
7
votes
6answers
542 views
Can I purchase a domain name now or wait until incorporated?
I've just begun the process of incorporation but would like to secure a domain name. How does this work? Do I need to purchase the domain name underneath the incorporation? Or can I purchase now ...
7
votes
4answers
359 views
Creating a Business for Side Programming
I'm an Android developer that has made money over some of the apps I've created in the past year. I have no corporate filing so I am currently considered a sole proprietor in the state of Florida. I ...
7
votes
1answer
154 views
Which country to incorporate web startup in?
If we have a web startup originally targetting users from country A, but the majority of users end up to be from America, is it sufficient to have the company incorporated in country A?
Additionally ...
6
votes
3answers
656 views
What's the yearly cost of incorporating in the US?
We are currently a LLC from Uruguay, and we've been requested by a potential customer in the US to provide employer identification number (EIN). So we are evaluating the possibility of incorporating ...
6
votes
6answers
2k views
Should I establish a parent company instead of forming my business entirely around one website?
My entrepreneurial dream was not to run just one web site. It's to make web-based services and desktop software for the Academic market.
It just happens that the first product I was able to release ...
6
votes
4answers
273 views
Incorporate while still in development phase?
Is there any good reason to incorporate while you are still in development or bootstrapping phase? Or should you wait until the product is ready or when there are customers?
Thank you for sharing ...
6
votes
1answer
886 views
C Corp vs LLC Taxes
I'm trying to figure out the various taxes taken out for a C Corp vs LLC. Single-member/ shareholder. (C Corp has more deductions.)
C Corp: (1) Tax on profit (after deductions), (2) Payroll tax ...
6
votes
2answers
2k views
Can I start a business in USA and work from my country?
Can I incorporate a business in USA and work from my country? Can I receive profit from my corp even when I'm not an employee, only director? I have a b1b2 visa. Is this enough to manage a business ...
6
votes
3answers
651 views
Can one pay for expenses that a start up requires before forming your LLC or Corp?
Can one pay for expenses that a start up requires before forming your LLC or Corp? Is it then possible to count them as expenses when you start one?
6
votes
1answer
694 views
What are the disadvantages / pitfalls of incorporating offshore?
I am looking into setting up a company for a business I'm bootstrapping, that I plan to finance by doing consulting/freelancing. So I would like to set up a legal entity to do business.
The main ...
5
votes
3answers
1k views
c-corp tech startup with expenses but no income - worth getting a bank account and accounting services for writeoffs?
I recently formed a c-corp and am looking for outside investment very soon.
I'm paying out of pocket for startup expenses (office lease, office equipment, software licenses, etc). I will spend about ...
5
votes
4answers
240 views
Will Your Employeer Find Out if You Incorporate? (United States)
If you work full-time for a large Fortune 100 company and register a Delaware corporation, will your employer find out about it? Obviously there is some public record, but is this something easy to ...
5
votes
9answers
2k views
Are LLC and “S Corporation” the same thing? What are the differences?
From what I have read, both LLCs and S-Corps give you the benefits of a Corporation for legal purposes while avoiding double taxation.
However, I can't determine what the difference between the two ...
5
votes
5answers
606 views
Adding Shareholder Vesting after Incorporation — Bum Business Partner
I incorporated with a friend turned business partner, probably giving him too much of the company for the amount of work he was putting in simply because he was a friend. Since incorporation, he has ...
5
votes
3answers
320 views
Which is better to incorporate Austin or Delaware?
We are planning to form a company for online e-commerce sale and would like to know which is better location - Austin (TX) or Delaware for the following:
Ease of formation (we are in India, and will ...
5
votes
3answers
536 views
Does it matter which state I incorporate in if I don't live in the US?
I'm a US citizen, and would like to start an internet company in the US, however I don't live in the US. As my kind of work can be done virtually, a physical presence isn't necessary. Typically when ...
5
votes
3answers
2k views
Should we convert our LLC to a C-Corp?
We've reached a point where we need either hard capital or strategic hire capital and as an LLC it seems like it is much harder to grant capital (either immediately or in a vesting process).
Also, ...
5
votes
3answers
347 views
Is an LLC right for me?
I have a general idea of all of the business structures. I'm living with parents, with a toyota camry with 200k+ miles on it. I plan on launching a web service where people pay less than $100/month ...
5
votes
5answers
6k views
How many shares should I issue when incorporating?
How many shares should I issue when incorporating?
1,000,000
10,000,000
?
Links to articles on the issuer would be very helpful. Thanks!
5
votes
3answers
3k views
Why don't investors like to invest in an LLC?
I have read that if you are raising money, that an LLC is a dispreferred vehicle for your company.
Why do investors not like to invest in an LLC?
5
votes
3answers
7k views
I'm setting up a US branch/subsidiary of a UK-based company. How do I go about this?
A company that I'm working for is registered as a UK limited company.
How would I go about setting up a US branch/subsidiary of this company?
Should I register as an LLC, S Corp, C Corp, or what?
...
5
votes
1answer
103 views
How old does one legally have to be to start/own a share in a company in the US?
I am 18 but my co-founder is 17. (In other words, I am able to sign a binding contract, he is not.) We are getting ready to incorporate our startup — but is my co-founder old enough to start, and own ...
5
votes
8answers
2k views
Internet startup - Legal terms and company setup
I am working on a internet startup, living in New York City. I am planning to setup a company and I am looking for a good Lawyer to help me with the following:
a) Setup the company (prob Corp)
b) ...
5
votes
3answers
519 views
What does it mean to “do business in state X” if you are an online service?
I am curious, when it comes to incorporating or forming an LLC, a lot of legalese harps on how you need to file papers in the state you're doing business in.
What if your startup
a) does not take in ...
4
votes
9answers
2k views
Different ways to incorporate your startup
Is there a consensus on the best type of corporation for a startup? Is it best to start with a Limited Liability Corporation (LLC)? Would an S-Corp be better? Or is it best to go with a full C-Corp?
...
4
votes
3answers
533 views
Why incorporate in the US? What about Bermuda and other tax-advantageous countries?
Basically, why should one incorporate in the US? I'm interested in three cases:
1 - Most of the revenue and employees are in the US.
2 - Most of the employees are in the US, but the revenues come ...
4
votes
4answers
806 views
Basic legal requirements to set up web design business in UK
I am in the UK and I want to start designing web sites for people, through my own web design company, mainly because it is about the only thing I can do due to a disability. I have set up my own car ...
4
votes
1answer
238 views
Do you need to “be a company” to make money online?
A friend and I have a great startup idea which we plan to put into action at the beginning of the summer. We've also worked some revenues into our business model by allowing users to pay for some ...
4
votes
5answers
2k views
Can I easily/affordably incorporate in another state without claiming residence there?
I work primarily in internet marketing, recently several states have instituted internet tax laws, causing several companies to reconsider working with my firm due to the fact that if they worked with ...
4
votes
5answers
701 views
When should I register a LLC/S Corp?
I currently have a website in beta. I am not earning anything (for now) with this site. It doesn't have terms of service or the privacy policy listed on it.
It appears that some people's opinion is ...
4
votes
3answers
235 views
Can I keep my S Corp open when the president wants to leave?
So I have a small S-Corp incorporated in New York State. The company really hasn't made any money, and is currently only used to hold a piece of IP. Both the President and I (the Vice President) own ...
4
votes
2answers
228 views
If I am the only shareholder in a C corporation, do I have to give notice of the annual meeting to myself?
It seems silly to me that I would have to notify myself about the annual meeting, but is this required to stay legal?
Edit: I incorporated in Delaware.
4
votes
2answers
2k views
Least expensive (but good) Registered Agent Service in Delaware
Have you guys heard of freeregisteredagent.com? They offer free registered agent service for first year, and $99 thereafter. Is that for real? Is it a scam? Has anyone used them before?
4
votes
3answers
327 views
Did you incorporate in Delaware and get surprised by the minimum annual franchise tax this year?
Looks like the DE Franchise Tax Board & SecState changed the minimum authorized shares tax - a lot of companies that incorporated this past year may have been unaware of this change or not sure ...
4
votes
4answers
217 views
Start-up IP dispute in Canadian Corp
I'm currently in an intellectual property dispute over software I developed in a new start-up (Canadian corp). It was written under the false pretense that I would have 25% ownership of the company, ...
4
votes
3answers
203 views
Is an experienced accountant necessary for an s-corp formation?
I need to form an s-corp in Delaware. The corporation will be taking on angel funding as soon as it is formed.
I have retained an attorney experienced in the formation & funding processes. The ...
4
votes
3answers
177 views
Advice on protecting a business name in the US
There is plenty of material here on when to incorporate in the US for tax or other business reasons, for example:
When to set up the LLC
Worth it to incorporate
When does it make sense to ...
4
votes
4answers
457 views
Should I incorporate or do an LLC?
I am building a startup. Right now I am thinking of having a company that is an umbrella around the different attempts I make. Which would you suggest? Should I incorporate or do an LLC? What are the ...
4
votes
3answers
1k views
If I incorporate, when do I have to start paying myself a salary?
I plan to incorporate, mainly for the liability protection. My business is Internet-based and the operational costs are quite low, so I plan to fund everything out of my own pocket, and I have the ...
4
votes
2answers
133 views
Consulting while bootstrapping. How to organise company?
I'm a developer who has just sorted out part time consultancy work which I would like to use to maintain myself while bootstrapping a SAAS startup as a solo (for now) founder.
Given that I'd like to ...
4
votes
2answers
181 views
Co-Founder of Company wants to quit
I have a unique problem that I was hoping to get some clarity on.
The Co-Founder of our business (in Canada) wants to end the business and get out. The company has been operating for 3 years and has ...
4
votes
5answers
254 views
Should I incorporate my project into a company?
I am working on a project which just finished its prototype, and will start internal testing soon.
There are 3 of members in my team, and we are considering of start trying AI or participating some ...
4
votes
1answer
214 views
Foreigner opening online store in the USA
I'm from Europe, don't plan to move to the USA
I will open an ONLINE store ONLY (no physical stores)
Goods will be imported from Europe
Shipping will be handled by the fulfillment company
I am ...
4
votes
1answer
226 views
incorporating a subsidiary company for each web app
My company (a Delaware C-corp) develops and runs a number of websites that will soon be offering paid accounts. What are the advantages and disadvantages of each website being its own subsidiary, and ...
3
votes
8answers
3k views
What is the cheapest state to start an LLC in?
I'm curious about filing fees and annual taxes in the various states. Is there anywhere that breaks this information down in a clear easy to understand format?
3
votes
4answers
450 views
Should I incorporate myself, use a high end law firm, or somewhere in the middle?
I am launching a startup (who isnt :) ) and while I am not planning on looking for outside funding, I'd like to leave the option on the table in the event that I catch a tiger by the tail (meaning ...
3
votes
5answers
457 views
Can I have an LLC while still working for an employer?
Some customers are more confident buying your product if you are a corporation, but on the other hand while you are bootstrapping you still need some cash coming in, and one way to do this is to work ...
3
votes
4answers
284 views
What are the pitfalls of incorporating *after* launching a new website with partner(s)?
A friend and I are working on a website which we hope to launch before the end of the year. We would like to put off the actual incorporation for as long as possible (legal, accounting, & other ...
3
votes
5answers
672 views
S-corp or LLC for new software business in the United States
Pertaining to a new mISV (software business), should I choose an S-Corp or an LLC. Which would you choose and why?
