article thumbnail

Corporation or LLC? Business Organizations for Tech Startups.

YoungUpstarts

In the tech startup context, you’ll typically choose between a Corporation and a Limited Liability Company (“LLC”). Corporations pay taxes on the money they earn, and LLCs don’t. This doesn’t mean that LLCs go tax-free. When an LLC allocates income to owners (i.e. When an LLC allocates income to owners (i.e.

LLC 100
article thumbnail

Does Your Startup Need A Technical Co-Founder?

ReadWriteStart

But when it comes to core technical skills, more and more entrepreneurs are opting to partner with technical co-founders rather than hiring someone for an in-house position. You don’t need to be a developer, but at minimum you need to have the background to know what traits a superstar developer has. Laura Roeder , LKR.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Does Your Startup Need A Technical Co-Founder?

ReadWriteStart

But when it comes to core technical skills, more and more entrepreneurs are opting to partner with technical co-founders rather than hiring someone for an in-house position. You don’t need to be a developer, but at minimum you need to have the background to know what traits a superstar developer has. Laura Roeder , LKR 2.

article thumbnail

Mark Hauser’s Hauser Private Equity Spearheads Major Deals in Industrial Sector

The Startup Magazine

With over three decades of experience in private equity investments, acquisitions and mergers, Mark Hauser has developed a keen ability to recognize trends and do his due diligence. In 2016, Hauser Private Equity completed an investment in Stat Health Management, LLC, an urgent care provider with locations throughout Long Island, NY.

article thumbnail

Should You Co-Found Your Company With a Software Development Shop (2 of 2)?

David Teten

Should you co-found your company with a software development shop? foundries/studios, e.g., BetaWorks, Idealab, Accretive LLC, Lux Capital; see detailed list here. foundries/studios, e.g., BetaWorks, Idealab, Accretive LLC, Lux Capital; see detailed list here. What are the terms of their relationship with the founder?

article thumbnail

13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Limited liability company (LLC) – A structure that combines the characteristics of both corporations and partnerships. Develop a founders agreement. A founders’ agreement is a legal contract defining and governing the relationship between cofounders.

article thumbnail

10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

To be clear, I define a product specification as the technical definition of your product, to be used for development and testing purposes, with a quick business summary for context. The most common business entity used for startups is a Limited Liability Corporation (LLC), which is the cheapest and simplest to manage.