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First of all, I'm not an accountant or an attorney, but if there is one thing you should NOT do, is make your choice of INC vs. LTD vs. LLC vs. whatever else is based on name availability! It is like choosing between a Honda Civic, Harley motorcycle, and a Semi-truck based on the color of their steering wheels :) Have a read here about incorporating: ...

I found this website which explains the situation quite clearly: http://smallbiztrends.com/2012/03/does-your-business-need-a-dba.html From the website: You Need to File a DBA if... "You have incorporated or formed a limited liability company (LLC) and are operating the business under a name that is different from the name of the company or LLC. For ...

Your boss, let's call him Mr. X, is holding all the cards in this situation. I would like to tell you that the idea person gets 30% of the new entity and the money guy gets 70% but that's not how things work. If I were Mr. X and I thought the new venture was plausible I would pay you a decent (market) salary and give you a nominal (1 to 10%) equity in the ...

It really depends on your end-goal for the enterprise. If you want it to be a lifestyle business that is closely held and has only a few owners (or just yourself), then you could do the LLC. But if you can imagine it growing beyond those limits, I'd suggest going S-Corporation to start with, and then later you can convert to C-Corporation when it becomes ...

There are several aspects to this. You're getting paid a market salary as an employee, but you'll be working as an founder/owner. There's a big difference between the two. The second one spends a lot more time on the job and worries about how it's doing even when not actively working. If I was in the shoes of your businessman, I'd want you to have real ...

Founders are expected to make some sacrifices, but are not expected to live like paupers and not get paid a salary. Your getting paid a salary does not mean you somehow give up ownership of the idea. As you develop your idea into an actual business, it will be worth more and more as it goes from idea to business losing money to business with customers to ...

You need a Tax ID for your company and a bank account as the basic minimum. Next, when you work as consultant just provide the ID and your company name,address. You send the invoice in your company name and then they will send a check to the company that you deposit into the company bank account. Talk to a chartered accountant and you will get good idea.

Where are you incorporated? With so many founders, I would consider spending for a top-flight vesting schedule that at least considers a few of the most common potential issues. I think that, to really answer this question, you need to define his role. If he's handling all of your accounting, and managing all of your strategic relationships, that's value ...

The Secretary of State in your jurisdiction is very likely going to reject your application if there is an existing company with the same name. (Inc vs Corp vs LLC vs DBA vs Ltd will not matter -- at least in NH the core part of the entity name can not be the same, I expect other places will have similar restrictions.) The reason being that the names are ...