YoungUpstarts

OCTOBER 28, 2015

” The Cost of Financing. Startups bear the costs of their financing, from the first seed investment to the sale of Series A stock. These costs make it preferable to use a convertible security for a raise of this size and to structure as equity financing if you are raising closer to $2 million. Convertible Securities.

Convertible Security 100

Convertible Security IP Technical Review Software Review 100

Both Sides of the Table

JANUARY 21, 2010

Founded it as a California LLC but your potential VC wants a Delaware C-Corp? For a very small fee they can get your Delaware C corp registration, make sure that you have IP protection and ensure you didn’t make an early bumbling mistakes that you’ll pay for dearly in the next 7-10 years of hard work.

Southern California 318

Southern California Silicon Valley IP Stock Options 318

Austin Startup

JANUARY 25, 2020

A keen researcher, I looked up the best states to incorporate a company for startups— Nevada and Delaware were tops. I chose Delaware, signed up with Clerky and paid for my incorporation. In 3 days, my articles of incorporation as a Delaware C-Corp came by email. I looked at it, and felt a little different. 575 per hour?—?and

Delaware 62

Delaware SEC New York City New York 62

Startup Professionals Musings

MARCH 11, 2013

One of the first questions that I get from many entrepreneurs is “How should I set up my company to minimize my setup costs, tax liabilities, and risk of lawsuits?” If you aren’t so sure, need something fast, or need to keep your costs low, then an LLC is the best legal and taxable entity to facilitate your startup.

LLC 234

LLC Nevada Delaware Limited Liability Company 234

YoungUpstarts

FEBRUARY 28, 2017

Expect your actual costs to be well above your budget. For example, running a Delaware business search will identify business entities and help you form a regulatory-advantaged Delaware-based corporation. Consult pros.

Delaware 100

Delaware Retention Differentiation Sales 100

YoungUpstarts

SEPTEMBER 28, 2017

However, you need to learn everything you can about finding the perfect name for your startup; plus, make use of online resources like the Secretary of State Delaware business entity search to ensure you are not infringing on an already existing business name. Step 5: Choosing Your Business Structure.

Delaware 154

Delaware LLC Bootstrapping Naming 154

Austin Startup

JUNE 14, 2017

Because most startups generally incorporate in Delaware for reasons discussed throughout the startup blogosphere, local state law only plays a small role in most of the legal issues that startups deal with (usually local employment law); and for those issues, most startup lawyers collaborate with local employment lawyers.

Silicon Valley 48

Silicon Valley Houston San Antonio Austin 48

Hearpreneur

FEBRUARY 1, 2019

Hiring inappropriate council constituted a $15k mistake because the incorrect company was formed–costing us time and $15k. We were told that we didn’t need to set up a C-Corp in Delaware even though they have the most tax-favorable state for this.

Entrepreneur 55

Entrepreneur Delaware Hiring Social Media 55

Hearpreneur

FEBRUARY 1, 2019

Hiring inappropriate council constituted a $15k mistake because the incorrect company was formed–costing us time and $15k. We were told that we didn’t need to set up a C-Corp in Delaware even though they have the most tax-favorable state for this.

Entrepreneur 54

Entrepreneur Delaware Hiring Social Media 54

Up and Running

MAY 4, 2021

Their location page for property management services in Delaware includes all of the details I’ve outlined above. There are images of the local area, information about what services people in Delaware can access, and contact details for this specific branch. This is a great tactic that can help to improve their local SEO.

SEO 147

SEO Delaware Mobile Engineer 147

The Startup Magazine

JUNE 1, 2021

But, hiring a lawyer will cost you more than you realize because the money will be deducted right away from your closing costs. You may already be struggling with many legal bills while you’re in the process of buying and selling your property, so you may not want to hire an attorney.

West Virginia 89

West Virginia South Carolina Hiring Connecticut 89

Up and Running

APRIL 11, 2014

a Delaware corporation that sprung up when the sole proprietorship died, and that Delaware corporation became Palo Alto Software, Inc., It was just kind of a thought I had, and it cost me $35 to register it. .” Palo Alto Software started out as an Infoplan in 1983, a DBA. That supposedly died if you look at the statistics.

Delaware 95

Delaware California Oregon Software 95

Startup Professionals Musings

FEBRUARY 1, 2016

It’s very easy and inexpensive to set up online a Limited Liability Company (LLC) for the startup, which will allow you to track business costs, cash and taxes correctly -- no matter what happens. By default, these domains are totally intermingled, which will lead you to manage both poorly.

Intellectual Property 120

Intellectual Property LLC Limited Liability Company Nevada 120

Gust

OCTOBER 11, 2012

That is, if all you have is a good idea, the reality is that you are highly unlikely to be able to get funding from anyone at all, even if you are a Delaware C corporation with gilt edge stock certificates. If and when you garner real investment interest, proper corporate structuring will be a pre-condition to any funding.

Delaware 122

Delaware Stock Options Cofounder Stock 122

YoungUpstarts

JUNE 19, 2013

The cost associated with forming a Corporation or LLC is minimal compared with a lawsuit. Some people choose a state with more favorable case law or tax benefits, like Nevada, Wyoming or Delaware. Hiring an attorney (This can be expensive and will require a high cost to you for ongoing help.); Picking a Name.

Small Business 133

Small Business Nevada LLC Wyoming 133

Gust

DECEMBER 8, 2011

Form a legal entity to operate the business (we’ll use a Delaware corporation as an example for Newco). Determine the allocation of equity among co-founders, early employees or other service providers, and future contributors as applicable, as well as the vesting schedule , if any, that will apply. Appoint Newco’s initial Board of Directors.

Intellectual Property 139

Intellectual Property Non-disclosure Agreement Delaware Stock 139

Up and Running

MAY 23, 2016

The software was sold based on installation cost running on local servers for enterprises—which was very, very expensive. For GreenPal, Gene Caballero says, “We knew that if we ever wanted to be looked at seriously by venture capitalists, we would need to be a C-Corp in Delaware.”. Delaware permits a single-member board of directors.

Software Review 74

Software Review Software Delaware Forecast 74

Up and Running

OCTOBER 10, 2014

Leigh Ann Tona rolls through the Delaware streets in her “ I Don’t Give a Fork ” truck, which as the name implies specializes in food that does not require utensils. Figure out food costs, truck maintenance, and marketing expenses and see just how many items you need to sell to make the business profitable. Watch your food prices.

Minneapolis 153

Minneapolis Delaware New York Florida 153

Feld Thoughts

AUGUST 12, 2011

as a C-Corp in Delaware. Revenues and costs should both be based off of a robust set of assumptions. When we were last with Dick and Jane on Finance Fridays, our fearless entrepreneurs were figuring out how to split up their founders equity and account for an investment from Jane. Build a financial model that forecasts the P&L.

Balance Sheet 136

Balance Sheet Forecast Cap Table Early Stage 136

Women Entrepreneurs Can

MARCH 5, 2024

If inadequate, explore lowering operating or owner costs to free up repayment capacity. Debt Consolidation The Delaware State Housing Authority offers a Small Business Loan Program that consolidates higher-interest short-term debts like credit cards or personal loans into more manageable, low-fixed, longer-term loans up to $100k.

Delaware 40

Delaware SBA Finance Programming 40

Scott Edward Walker

FEBRUARY 1, 2014

you want to form a Delaware corporation. Walker Corporate Law – boutique corporate law firm based in SF. doing this for 18+ years. different perspective as a lawyer (lots of phone calls from founders with problems). purpose of workshop: to discuss some of the significant problems/mistakes I’ve seen in the last six months.

Software Review 111

Software Review Delaware Accredited Investor Due Diligence 111

Scott Edward Walker

FEBRUARY 1, 2014

Introduction SEW/corporate lawyer Walker Corporate Law – boutique corporate law firm based in SF doing this for 18+ years different perspective as a lawyer (lots of phone calls from founders with problems) purpose of workshop: to discuss some of the significant problems/mistakes I’ve seen Mistake #1: Forming the Wrong Entity you want to form a Delaware (..)

Software Review 111

Software Review Delaware Accredited Investor Due Diligence 111

Up and Running

JULY 5, 2017

There are five states that do not charge sales tax: Alaska, Delaware, Montana, New Hampshire, and Oregon. Now, Uber may be forced to pay millions to its drivers to cover the cost of the sales tax that was taken out of their commissions. Both brick-and-mortar and online businesses could have a sales tax responsibility.

eCommerce 82

eCommerce Sales Ohio Tucson 82

Up and Running

JULY 29, 2015

For instance, the Delaware Brownfield Assistance Program offers funding for a small business that plans to develop environmentally distressed areas in the state. You do have to be a member of the association to apply, which costs $120 a year. The state grants are also specific. Small Business Innovation Research Program.

Angel Investor 60

Angel Investor Equity Small Business Delaware 60

Scott Edward Walker

APRIL 9, 2012

Speed, simplicity and cost. Indeed, a startup could close a convertible note round in a day or two by merely issuing a 2-3 page promissory note, which could cost as little as $1,500-$2,000 in legal fees (or a little more if a note purchase agreement is also executed, which is customary).

Preferred Stock 87

Preferred Stock Finance Common Stock Liquidation Preference 87

www.copelandfirm.com

OCTOBER 21, 2010

Opportunity cost: Is one founder giving up a great job, while the other is currently unemployed? « High Tech Startup Packages Where Should I Incorporate: Delaware, Texas, California, Nevada? Future contributions: What role will each person play in the early months? Will that person still be playing a key role later down the road?

Intellectual Property 40

Intellectual Property Founder Vesting Bridge Financing 40

David Teten

JANUARY 21, 2021

Versatile has built out a suite of no-cost portfolio acceleration services to help its companies succeed. One of our unique aspects is that we fund LLCs and C-Corps in all 50 states, not solely Delaware C-Corps. Founders have the discretion to buy out almost all of Versatile VC’s stake by paying an agreed-upon percentage of revenues.

Equity 78

Equity Revenue Cofounder Colorado 78

Startup Company Lawyer

APRIL 23, 2009

Startup companies consume resources intelligently, put people to work in efficient ways, and produce market driven products at lower costs. Section 141(d) of the Delaware General Corporation Law permits a company to have directors with more than one vote per director. Holders of Class F common stock are allowed to elect one director.

Common Stock 33

Common Stock Stock Dividend Delaware 33

abovethecrowd.com

NOVEMBER 28, 2022

Delaware law requires a board of directors, and these directors are tasked with a “fiduciary duty” to look after the best interest of the corporation. Building a unique set of financials can be a reasonable way to use cost accounting to help drive key OKRs. The Lack of a Legitimate Board.

Venture Capital 113

Venture Capital Non-Compete Government Delaware 113

VC Cafe

FEBRUARY 6, 2011

tax, R&D incentives, what not) to keep your company as a non-US entity, then you should consider a corporate flip i.e., create a new Delaware corporation that will own all the shares of your local company. If you are in the very early stages with your company and there are no major reasons (e.g.

Silicon Valley 104

Silicon Valley Startup Seed Stage Delaware 104

Up and Running

MARCH 15, 2013

So even if a company hopes to save money on taxes by filing paperwork in Nevada or Delaware, it will still have to pay a fee to qualify to do business in its home state. This makes some of the benefits of incorporating out of state a moot point.

Nevada 113

Nevada Delaware LLC Government 113

YoungUpstarts

FEBRUARY 9, 2015

At the same time, 91 percent noted that having a variety of tools in place causes numerous problems with the company’s DR strategy, including the learning curve involved with the use of several different systems and the cost of added service licenses and maintenance. Utilizing data duplication strategies for cost-effectiveness in storage.

SCRUM 100

SCRUM Delaware Cloud Technology 100

YoungUpstarts

OCTOBER 29, 2015

In recent years, this community has had greater access to cost-effective technological solutions. 18 percent experienced pricing or cost issues. There are several advantages that startups can reap from managed hosting, including more cost-effective access to high-performance IT equipment. Working against the odds.

Hosting 100

Hosting Management SCRUM Delaware 100

The Next Web

JUNE 19, 2012

A fun fact – the Delaware company behind Credictive is actually called Rainbows and Unicorns Corp. Cost of living and running a company is way higher compared to Berlin or Krakow. I have so many friends who have worked on cool projects and were never mentioned anywhere. That it’s sad. But we literally just moved here 2.5

San Francisco 136

San Francisco Cofounder Founder Poland 136

online.wsj.com

SEPTEMBER 23, 2012

Low Cost Franchises. JAIRO PUENTES asks… Q: What is the best way to cut Medicare and Medicaid costs and provide affordable healthcare to most Americans? Communications. Electric, Gas, Water, Sanitary Svcs. Non-classifiable Establishments. California. Connecticut. District of Columbia. Massachusetts. Mississippi. Home Services.

Venture Capital 107

Venture Capital Software Review Rhode Island North Dakota 107

David Teten

APRIL 30, 2018

Once we invest in these companies, we can help them become (in many cases) more US-centric, including sometimes changing their legal status to that of a US Delaware C corporation. They achieve product/market fit while based abroad, and then sometimes gradually move key business functions to the US and Western European tech hubs.

United States 60

United States Silicon Valley Canada Offshore 60

David Teten

APRIL 30, 2018

Once we invest in these companies, we can help them become (in many cases) more US-centric, including sometimes changing their legal status to that of a US Delaware C corporation. They achieve product/market fit while based abroad, and then sometimes gradually move key business functions to the US and Western European tech hubs.

United States 60

United States Silicon Valley Canada Offshore 60