Startup Professionals Musings

FEBRUARY 17, 2021

Setting up the business as an LLC or C-corporation can now be done online with low registration fees and minimal risk. Almost anyone can start a company today on a shoestring budget, following these cost-cutting recommendations: Establish a solid legal structure for your business.

Cost 405

Cost Entrepreneur Burn Rate Social Media 405

Startup Professionals Musings

OCTOBER 9, 2021

You will learn the most by facing the tribulations of establishing an LLC and dealing with insurance, personnel and tax issues. Incorporate your first business before you graduate. It’s never too early to stop studying and start doing it for real. The best thing you can learn in school is how to learn -- fast and effectively.

Entrepreneur 373

Entrepreneur Chad Incubator Dilution 373

Startup Professionals Musings

MARCH 11, 2013

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. The alternatives include a sole proprietorship, LLC (Limited Liability Company), S-Corp (Subchapter-S Corporation), or C-Corp (US Corporation).

LLC 234

LLC Nevada Delaware Limited Liability Company 234

Startup Professionals Musings

JUNE 13, 2016

For comparison, I was able to set up a simple for-profit Limited Liability Company (LLC) in a month for less than $100. Obviously all founders wants to minimize their taxes, yet the initial setup for non-profits is bureaucratic, takes up to two years of time, and costs thousands. Retaining a qualified team is challenging.

Limited Liability Company 120

Limited Liability Company Entrepreneur Software Review LLC 120

Startup Professionals Musings

NOVEMBER 30, 2015

In the United States, this is a limited liability corporation, or LLC. On the other end of the spectrum, a solution without a company will be seen as a hobby. Start with the simplest legal entity, to minimize liability and taxes.

Intellectual Property 120

Intellectual Property Entrepreneur Preferred Stock Stealth 120

Startup Professionals Musings

DECEMBER 18, 2010

Incorporation as an LLC, a C-Corp or an S-Corp is more complex, but has the great legal advantage of limiting liability to the entity, away from personal assets. For time and effort considerations, I tell clients that a sole proprietorship or partnership is the simplest setup, because it basically requires no legal forms.

Startup 224

Startup Angel Investor LLC Stock 224

Startup Professionals Musings

JUNE 25, 2021

Relevant questions include the type of business entity (LLC or C-Corp), licensing or manufacturing, sales and marketing, and staffing. Factory in the garage (make it). This is the point where you work on the specifics of being able to deliver your product or service. It’s also time to build prototypes to make the product come alive.

Non-disclosure Agreement 340

Non-disclosure Agreement Elevator Pitch NDA Entrepreneur 340

Startup Professionals Musings

MARCH 28, 2022

You can start an LLC for-profit in less than a month, often for less than $100. Here are the common reasons I hear that make starting and running a non-profit actually more difficult than starting and running a conventional business: Creating a non-profit 501(c) business is a long and arduous process.

Distribution 250

Distribution Africa United States Salary 250

Startup Professionals Musings

NOVEMBER 4, 2011

If you expect to require external funding, you should first incorporate as an S-Corp, C-Corp, or LLC, rather than the more expeditious sole proprietorship or partnership. Here is my list of top ten action items to best prepare you for success in achieving a funding event with angels: Incorporate the business now.

Intellectual Property 249

Intellectual Property Angel Investor Technical Review Elevator Pitch 249

Startup Professionals Musings

SEPTEMBER 23, 2010

If you expect to require external funding, you should first incorporate as an S-Corp, C-Corp, or LLC, rather than the more expeditious sole proprietorship or partnership. Here is my list of top ten action items to best prepare you for success in achieving a funding event with angels: Incorporate the business now.

Angel Investor 224

Angel Investor Intellectual Property Technical Review Elevator Pitch 224

Startup Professionals Musings

FEBRUARY 15, 2014

Incorporate an LLC. First, pick a name for your company and do the paperwork on starting a Limited Liability Corporation (LLC). It’s always good to have someone to test your ideas, keep your spirits up, and hone your business skills. Now you have a reason for talking to people who may become lifelong friends.

LLC 256

LLC Entrepreneur Social Network Search 256

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. Isolate your new startup business from your personal accounts. Liability for initial setbacks or lawsuits needs to business versus personal.

Intellectual Property 120

Intellectual Property LLC Limited Liability Company Nevada 120

Startup Professionals Musings

SEPTEMBER 21, 2018

It’s easy and inexpensive to create an LLC, S-Corp, or even a C-Corp online these days, with or without the help of an attorney. In my years of advising startups, and also as an occasional angel investor, I still recommend this set of best practices to prepare you for platform applications: Formalize a business entity immediately.

Equity 236

Equity Intellectual Property Elevator Pitch Social Media 236

Startup Professionals Musings

DECEMBER 19, 2012

Incorporate an LLC. First, pick a name for your company and do the paperwork on starting a Limited Liability Corporation (LLC). It’s always good to have someone to test your ideas, keep your spirits up, and hone your business skills. Now you have a reason for talking to people who may become lifelong friends.

LLC 232

LLC Search Social Network Naming 232

Startup Professionals Musings

OCTOBER 28, 2018

You will learn the most by facing the tribulations of establishing an LLC and dealing with insurance, personnel and tax issues. Incorporate your first business before you graduate. It’s never too early to stop studying and start doing it for real. The best thing you can learn in school is how to learn -- fast and effectively.

Chad 242

Chad Incubator Startup Dilution 242

Startup Professionals Musings

JUNE 26, 2019

You can start an LLC for-profit in less than a month, often for less than $100. Here are the common reasons I hear that make starting and running a non-profit actually more difficult than starting and running a conventional business: Creating a non-profit 501(c) business is a long and arduous process.

Distribution 187

Distribution Africa United States Salary 187

Startup Professionals Musings

JANUARY 26, 2019

The legal structure of these startups is usually a sole proprietorship, a Limited Liability Corporation (LLC), or a sub-chapter “S” Corporation. Growth entrepreneurs find that this fun world quickly changes to managing personnel problems, tuning organizational structures, and dealing with testy investors.

Startup 194

Startup Equity Dilution LLC 194

Startup Professionals Musings

AUGUST 19, 2011

Incorporate an LLC. First, pick a name for your company and do the paperwork on starting a Limited Liability Corporation (LLC). It’s always good to have someone to test your ideas, keep your spirits up, and hone your business skills. Now you have a reason for talking to people who may become lifelong friends.

Search 230

Search LLC Social Network Naming 230

Startup Professionals Musings

JULY 27, 2010

Incorporate an LLC. First, pick a name for your company and do the paperwork on starting a Limited Liability Corporation (LLC). It’s always good to have someone to test your ideas, keep your spirits up, and hone your business skills. Now you have a reason for talking to people who may become lifelong friends.

LLC 247

LLC Startup Social Network Naming 247

Startup Professionals Musings

JANUARY 7, 2014

Some entrepreneurs can’t decide if they want to be a Limited Liability Corporation (LLC) or a C-corporation, or they don’t have the money, so they put off doing anything until the first venture capital round, or until the first lawsuit occurs. The simple answer is to do something, and start simple.

Startup 265

Startup Intellectual Property LLC Burn Rate 265

Startup Professionals Musings

NOVEMBER 7, 2010

Main Street Venture Fund LLC, an angel fund of about 25 private investors, was formed by Ruffolo Benson LLC in northeast Indiana with the intention of bringing together area entrepreneurs and private investors to create economic value for the region.

Angel Investor 208

Angel Investor Entrepreneur Indiana Phoenix 208

Startup Professionals Musings

NOVEMBER 15, 2017

First, pick a name for your company and do the paperwork on starting a Limited Liability Corporation (LLC). Now you have a reason for talking to people who may become lifelong friends. Learn how to incorporate a business. Almost anyone can handle this without professional help, and the cost is less than $100 in many states.

LLC 141

LLC Social Network Naming Search 141

Startup Professionals Musings

NOVEMBER 15, 2014

You will learn the most by facing the tribulations of establishing an LLC and dealing with insurance, personnel and tax issues. Incorporate your first business before you graduate. It’s never too early to stop studying and start doing it for real. The best thing you can learn in school is how to learn -- fast and effectively.

Chad 279

Chad Incubator Dilution LLC 279

Startup Professionals Musings

JULY 27, 2014

Setting up the business as an LLC or C-corporation can now be done online with low registration fees and minimal risk. Almost anyone can start a company today on a shoestring budget, following these cost-cutting recommendations: Establish a solid legal structure for your business.

Entrepreneur 260

Entrepreneur Burn Rate Social Media LLC 260

Startup Professionals Musings

APRIL 28, 2017

I recommend you start with a Limited Liability Corp (LLC) and a winning name. For investors, these are required to prove execution ability, and for you they are evidence of business value and a new brand. Stake your territory with some intellectual property.

Intellectual Property 185

Intellectual Property Social Media LLC Cloud 185

Startup Professionals Musings

NOVEMBER 28, 2012

Some entrepreneurs can’t decide if they want to be a Limited Liability Corporation (LLC) or a C-corporation, or they don’t have the money, so they put off doing anything until the first venture capital round, or until the first lawsuit occurs. The simple answer is to do something, and start simple.

Entrepreneur 274

Entrepreneur Intellectual Property LLC Burn Rate 274

Startup Professionals Musings

SEPTEMBER 14, 2015

A limited liability corporation (LLC) can be formed in most states for less than $100 directly through the Internet without legal assistance. This will keep financial and legal liabilities away from your personal assets, but won’t cost you the big initial cost and ongoing time and fees of a C-corporation.

Intellectual Property 120

Intellectual Property LLC Social Media China 120

Startup Professionals Musings

FEBRUARY 20, 2023

The cost of entry as a services professional is at an all-time low, with powerful free tools to create your own website, cheap incorporation of yourself as a Limited Liability Corporation (LLC) via the Internet, and community colleges offering courses for anyone in the new technologies.

Angel Investor 267

Angel Investor Social Media LLC Viral 267

Startup Professionals Musings

JULY 28, 2017

I recommend starting early with a cheap and simple Limited Liability Corporation (LLC), and converting later to a C-Corporation, if required. I assure you that most investors will not take you seriously if you don’t have a real company, so you may wait forever.

Cost 180

Cost Advisory Board Entrepreneur Angel Investor 180

Startup Professionals Musings

MARCH 22, 2014

Relevant questions include the type of business entity (LLC or C-corp), licensing or manufacturing, sales and marketing, and staffing. Factory in the garage (make it). This is the point where you work on the specifics of being able to deliver your product or service. It’s also time to build prototypes to make the product come alive.

Non-disclosure Agreement 269

Non-disclosure Agreement Elevator Pitch NDA LLC 269

Startup Professionals Musings

JUNE 25, 2017

You can start an LLC for-profit in less than a month, often for less than $100. Here are the common reasons I hear that make starting and running a non-profit actually more difficult than starting and running a conventional business: Creating a non-profit 501(c) business is a long and arduous process.

Distribution 140

Distribution Africa United States Salary 140

Startup Professionals Musings

NOVEMBER 17, 2017

Relevant questions include the type of business entity (LLC or C-Corp), licensing or manufacturing, sales and marketing, and staffing. Factory in the garage (make it). This is the point where you work on the specifics of being able to deliver your product or service. It’s also time to build prototypes to make the product come alive.

Non-disclosure Agreement 141

Non-disclosure Agreement Elevator Pitch NDA LLC 141

Startup Professionals Musings

FEBRUARY 2, 2013

You can start an LLC for-profit in less than a month, often for less than $100. Here are the common reasons I hear that make starting and running a non-profit actually more difficult than starting and running a conventional business: Creating a non-profit 501(c) business is a long and arduous process.

Revenue 262

Revenue Startup Africa United States 262

Startup Professionals Musings

APRIL 5, 2014

You can start an LLC for-profit in less than a month, often for less than $100. Here are the common reasons I hear that make starting and running a non-profit actually more difficult than starting and running a conventional business: Creating a non-profit 501(c) business is a long and arduous process.

Africa 214

Africa United States Salary LLC 214

Startup Professionals Musings

MAY 24, 2020

The cost of entry as a services professional is at an all-time low, with powerful free tools to create your own website, cheap incorporation of yourself as a Limited Liability Corporation (LLC) via the Internet, and community colleges offering courses for anyone in the new technologies.

Startup 410

Startup Angel Investor Social Media LLC 410

Startup Professionals Musings

JANUARY 21, 2017

The legal structure of these startups is usually a sole proprietorship, a Limited Liability Corporation (LLC), or a sub-chapter “S” Corporation. Growth entrepreneurs find that this fun world quickly changes to managing personnel problems, tuning organizational structures, and dealing with testy investors.

Entrepreneur 120

Entrepreneur Equity Dilution LLC 120

Startup Professionals Musings

DECEMBER 18, 2011

You can start an LLC for-profit in less than a month, often for less than $100. Here are the common reasons I hear that make starting and running a non-profit actually more difficult than starting and running a conventional business: Creating a non-profit 501(c) business is a long and arduous process.

Africa 255

Africa United States Salary LLC 255