Startup Professionals Musings

article thumbnail

You Don’t Need Delaware to Start Your Company

Startup Professionals Musings

It used to be true that “everyone” incorporated in Delaware due to its more favorable terms, but many of these terms simply don’t apply to startups, or the differences don’t exist anymore. Tags: startup incorporation Arizona Delaware business. I live in Arizona, so I’ll use that state as an example. Now is the time to get started.

Delaware 201
article thumbnail

How to Minimize the Red Tape and Taxes of a Startup

Startup Professionals Musings

If you are certain that you are building a large national corporation with more than 100 investors, and multiple classes of stock, then you might as well start with a Delaware or Nevada C-Corp. A few states, like Delaware and Nevada, offer tax advantages to large companies. I’ll offer you a few simple rules of thumb.

LLC 234
Insiders

Sign Up for our Newsletter

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

article thumbnail

8 Reasons To Incorporate Your New Company Early

Startup Professionals Musings

An LLC will work just fine for this, but if you know enough to anticipate more than 100 investors or special classes of stock, I recommend incorporating as a Delaware or Nevada C-Corp or S-Corp. Define a business entity early to manage taxes and intellectual property. Tax status can be assigned separately to match your preferences.

article thumbnail

How To Get Step-By-Step Assistance For Your Startup

Startup Professionals Musings

We incorporate the venture as a Delaware C corporation, serve as its Registered Agent, file for its tax number with the IRS, register with its home state, set up its bank account, credit card, accounting software, cap table.everything! For the entrepreneur who wants to found a high-growth venture, it makes the startup process a single click.