Digital Web Magazine - Building Your Own Start-up Technology Company, Part 2 - The Diigo Meta page

• 10 Feb 09
  

  Paul Ringger

  From Internet Explorer

• 23 Oct 07
  

  Fortyseven ╚
  • It is going to cost you money to incorporate. Even if you do it yourself, it is going to cost hundreds of dollars.
  • Unless you plan to go public at some point—that is, sell common shares of your company on a recognized open market, like Google did last year—you should incorporate as a limited liability company (LLC). It is cheaper and easier for both the company and its principals to do so. Unless you think you might go public, or if you just can’t imagine your company without the magical “Inc.” on the end, make it an LLC. You’ll thank me later.
  • 4 more annotations...
  • • appoint a registered agent, an entity that any legal requests or correspondence will be sent to
    • don’t skimp on the legal protection of your company—retain an attorney
    • An experienced attorney does more than just provide legalese, and will help you envision where your company is going in a practical and realistic way.
    • While you can get some of these things from books or software, ultimately the advice of a person who is local to your area and knowledgeable about the law and small businesses like yours can add tremendous value beyond just provision of generic forms. Expect to pay a retainer—prepayment for future services, the way most attorneys do business—between $1,500 and $5,000.
• 11 Apr 06
  

  Andy Brudtkuhl

  The second part of this series (see part 1, Planning to Make the Leap) will cover some of the less exciting—but extremely important—business details that go into starting a company. Much of this will be the farthest from your personal experience and c

  howto business startup article digitalweb

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