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How to Form a Corporation

Up and Running

Having both will add cost, but they should also add significant peace of mind to your work throughout this process. This option takes greatest advantage of your knowledge of your state and its laws, the helpful local people you know, and the ability to physically visit government offices if needed. Give your business a name.

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The Legal Side of Entrepreneurship

YoungUpstarts

Craig Schmitz, a partner in the Technology Companies Group at law firm Godwin Proctor LLP who works on corporate, governance, board and fundraising issues, and Erika Fisher, an associate in the firm’s Business Law Department who deals with IP, fielded questions about the legal issues startups face. ” The Cost of Financing.

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Do It Right The First Time, Part II: Visit the Doctor or House Call?

Gust

Likewise, founders can benefit from understanding basic characteristics of the overall legal structure, formation and governance documents, rights and responsibilities of team members, etc. Stepping off the soapbox, let’s examine the highest level “To Do” list for a new startup: Formation, Governance and Equity. Newco, Inc.”)

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The Beginner’s Guide to Launching a Food Truck Business

Up and Running

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. Current DMV registration.

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What eCommerce Startups Need to Know About Online Sales Tax

Up and Running

Follow internet business tax laws to stay compliant with applicable government agencies, like the IRS and your state. Basically, your business is the middle-man between consumers and the government. There are five states that do not charge sales tax: Alaska, Delaware, Montana, New Hampshire, and Oregon. As the owner of a U.S.-based

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What Are the Key Steps in Achieving Debt Relief for Your Business?

Women Entrepreneurs Can

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.

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Venture Capital Red Flag Checklist 

abovethecrowd.com

Most importantly, there is a reasonable probability that the absence of standard governance guardrails and constraints actually enables reckless behavior. Lastly, in a heated market, investor competition increases which leads to more investors being willing to “take what they can get” when it comes to governance. Theranos) is another.