Why Wilmington, Delaware Is The Best Place To Start Your New Business

YoungUpstarts

Whether you’re introducing the world to your new fashioned take on traditional cuisine or you’re building a skyscraping interactive museum, you should seriously consider starting up in Wilmington, Delaware. Thinking Aloud business Cynthia Griffith Delaware startup Wilmington

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

Delaware Franchise Taxes

The Startup Lawyer

If you haven’t already received your Delaware franchise tax statement in the mail, then it’s probably on the way. You have to give credit to Delaware — they make paying your corporation’s franchise taxes “thrilling.” But it’s a good thing for your startup that Delaware offers an alternative way to compute your franchise tax bill: the “Assumed Par Value Capital Method.”

Entrepreneurship Education | The University of Delaware

Campus Entrepreneurship

Interesting insight into some of the undergraduate entrepreneurship offerings at the University of Delaware : As the semester was winding down over the last few weeks, students in Matthew Terrell’s Introduction to Entrepreneurship class ended their fall course on a high note with a special visit from Dansko co-founder Mandy Cabot, who created a $125 million company that began out of the trunk of her car.

Founders Beware: Fiduciary Obligations of Officers

Scott Edward Walker

The extent of these obligations varies from state to state; however, since most companies are incorporated in Delaware, we will focus on Delaware law. There is no definition of “officer” in the Delaware General Corporation Law. Introduction.

Three Things to Consider Before Starting your Business in Another State

Up and Running

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. Starting a Business annual fees business business entity corporation Deborah Sweeney Delaware foreign business entity incorporate in another state incorporation LLC MyCorporation Nevada registered agent small business starting a business out of state state government state of formation state treasury Taxes

Nevada 100

Walker Twitter Highlights: June 19th – July 1st

Scott Edward Walker

” [link] How Delaware Thrives as a Corporate Tax Haven – solid NYTimes article [link] Hiring first employees: “Don’t reach out to ANYONE until you learn how to tell your story really well.” Twitter Highlights Bessemer bootstrapping Chobani David Cowan Delaware entrepreneur Hamdi Ulukaya startup venture capitalists

RSS 46

Rabbi’s Farm School Seeks to Be University with $30 Mil Gift

Campus Entrepreneurship

Delaware Valley College, in suburban Philadelphia, just took in a $30 million gift from a local foundation in order to transform itself from a small college into a university. In a higher education marketplace full of moaning and groaning, Delaware Valley College has entered growth mode. Tags: American Exceptionalism Campus Eco-System Education Policy General Thoughts Delaware Valley College higher education Philanthropy

Startups: What Kind of Entity Should You Form?

SiliconHills

By SUSAN LAHEY Reporter with Silicon Hills News For most startups there are two ways to go in deciding what kind of business entity you should form: A limited liability company, or a Delaware Corporation, according to David Valenti, a partner with Reed & Scardino.

Overview of Balance Sheet and Statement of Cash Flows

Feld Thoughts

Since SayAhh is a C corporation that is incorporated in Delaware, they decided to have a very low non-zero par value for their shares, set at $0.00001, to prevent higher franchise stock taxes.

What Does It Take To Start Your Own Business? The Nine-Step Process

YoungUpstarts

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.

Top Five US Cities With Pleasant Environments To Live And Work In

YoungUpstarts

Wilmington, Delaware. Living in Wilmington, Delaware places residents conveniently in between Philadelphia and New York, making commutes to either of these major cities easy. In fact, Wilmington, Delaware might just be the most convenient city on the list in terms of location.

What No One Ever Tells You About Business Failures

Up and Running

a Delaware corporation that sprung up when the sole proprietorship died, and that Delaware corporation became Palo Alto Software, Inc., The mythology of failure rates is greatly exaggerated, I think.

The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

you want to form a Delaware corporation. My law firm recently entered into a new partnership with This Week in Startups and sponsored their live fireside chat last month in San Francisco with authors Nick Bilton and Brad Stone.

The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

My law firm recently entered into a new partnership with This Week in Startups and sponsored their live fireside chat last month in San Francisco with authors Nick Bilton and Brad Stone.

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.

LLC 258

Are You Ready To Start A Business?

YoungUpstarts

For example, running a Delaware business search will identify business entities and help you form a regulatory-advantaged Delaware-based corporation. by Mike Carroll. There are people with ideas, and there are people with good ideas.

Entrepreneurs Experience – Do It and Learn It

Steve Blank

Matthew is an Adjunct Professor of Entrepreneurship at the University of Delaware where he teaches Introduction to Entrepreneurship in course called Entrepreneurs Experience. I appreciate Steve’s continued advice as I do my best to carry the Lean LaunchPad flag in Delaware.

Incorporate before pitching to VC’s?

Gust

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. While you will definitely need to be a corporate entity before you can accept funding from any investor (or issue stock options to any employees), the specific corporate status of the venture at this stage is much less important to investors than its functional status.

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!

Craft Breweries Buck Discount Trend With Seasonal Releases

YoungUpstarts

Shmaltz Brewing Company’s holiday gift pack featuring eight seasonal beers. Black Friday. Cyber Monday. Christmas and festive shopping – it’s the season for discounts!

If I Launched a Startup

The Startup Lawyer

2) State of Incorporation: Delaware. (3) Here’s what I’d do in the beginning: Incorporation. (1) 1) Entity Choice: Corporation or Corporation. (2) 3) Authorized Shares in Charter: 10,000,000 Shares. (4) 4) Type of Shares: Common Stock. (5) 5) Par Value of Common: $0.0001. (6) 6) Initial Founders Issuance: 8,000,000 Shares. (7) 7) Founders Equity Split: Depends on the Team, But Quickly and After the Awkward & Difficult Conversations. (8) 8) Vest Founders Shares?:

If I Launched a Startup

The Startup Lawyer

2) State of Incorporation: Delaware. (3) Here’s what I’d do in the beginning: Incorporation. (1) 1) Entity Choice: Corporation or Corporation. (2) 3) Authorized Shares in Charter: 10,000,000 Shares. (4) 4) Type of Shares: Common Stock. (5) 5) Par Value of Common: $0.0001. (6) 6) Initial Founders Issuance: 8,000,000 Shares. (7) 7) Founders Equity Split: Depends on the Team, But Quickly and After the Awkward & Difficult Conversations. (8) 8) Vest Founders Shares?:

Essential Business Facts You Need To Know When Expanding Into America

YoungUpstarts

These states include Nevada, Delaware and Wyoming, though there are many other US locations that are worthy of consideration too. According to the UNCTAD’s World Investment Trends Monitor , the USA is the world’s largest recipient of foreign direct investment.

Walker Twitter Highlights: July 15th – 28th

Scott Edward Walker

Delaware Court Allows Challenge to Venture Capital Preferred Financings – interesting post via @HarvardCorpGov hvrd.me/191gONA.

Entrepreneurs Experience – Do It and Learn It

Steve Blank

Matthew is an Adjunct Professor of Entrepreneurship at the University of Delaware where he teaches Introduction to Entrepreneurship in course called Entrepreneurs Experience. I appreciate Steve’s continued advice as I do my best to carry the Lean LaunchPad flag in Delaware.

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.

LLC 228

Book #14: 1776

Jeff Hilimire

Case in point: While I was reading this book, my 11-year old son said to me, “Dad, isn’t it awesome what happens at the Delaware River?” ” Clearly, I knew that something happened because I remembered that the words “George Washington” and “crossing” and “Delaware River” somehow go together, but I did not remember exactly why. You’re wondering what exactly happened at the Delaware River?!

A Startup’s First Steps: What’s In A Name?

Gust

Don’t let naming issues stop you from incorporating and taking care of other legal housekeeping; a corporate name change is a simple matter that can be handled inexpensively, at least in business-friendly states like Delaware. Most entrepreneurs focus on #3, and perhaps are also aware of the ability to search state business entity databases online (as with Delaware or California ).

Naming 149

Firsts, Still

OnlyOnce

The second was that I came face to face with a judge in the state of Delaware for the first time around some litigation we’re in the middle of now. Firsts, Still. After more than 13 years in the job, I run into “firsts” less and less often these days.

Basic Accounting And Legal Aspects That Every Business Owner Should Know

YoungUpstarts

Secondly, if we are for example, launching our business venture in the United States, then we should think about where we should be incorporated, and there the best option is Delaware. by Cristian Rennella, founder of Mejor Trato.

[Review] Brewing Up A Business

YoungUpstarts

If you know anything about America’s beer history, you would know that Sam Calagione, the founder of Dogfish Head Brewery, is one of the industry’s leading pioneers and innovators in the craft brewing segment.

How To Start A Startup – For Busy People

YoungUpstarts

If you want to avoid a $500k bill (like that paid by one Connecticut startup) to later move your company to Delaware, incorporate in Delaware from day one. by Andrea Martins, co-founder of GreenSocks.

Guns and Cyber Security

Steve Blank

I grew up in New York City and for a few years heaven on earth for me was going to Boy Scout camp in the summer near the Delaware River. The online world can be a dangerous place for the unprepared. And it’s just going to get worse.

The Three Questions Every Start-Up Should Consider When Forming a New Business

Up and Running

However, if you are planning to move to another state in the future, it would make sense to consider Delaware. We love the internet, but a 50-state-drop-down menu is not the way to select the best state for your new company.

Nevada 147

8 Tips On Intercultural Communication And International Etiquette To Create Successful Business Relationships In Asia

YoungUpstarts

A study conducted by researchers at the University of Delaware considered the number of hours employees spend on work-related tasks as compared to social activities, such as chatting casually, celebrating coworkers’ birthdays, or checking out a team member’s vacation photos.

Asia 272

Don’t be greedy even if you have the power.

Berkonomics

Email readers, continue here.] A recent decision by the Delaware Court in favor of the common shareholders in marginal sales sheds light upon this dilemma for boards – at least for boards of Delaware corporations, no matter where they reside.

Setting Up Your Accounting System

Feld Thoughts

as a C-Corp in Delaware. 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. While they’ve been hard at work on their product, they’ve also incorporated the company, now named SayAhh (thanks Mac!)

How Managed Hosting Helps Get Startups Off The Ground

YoungUpstarts

Alan holds a bachelor’s degree in Computer Science and an MBA in Marketing from the University of Delaware. By Alan Glazer, Senior Product Manager at Hostway Services, Inc. Startups in every industry have their work cut out for them.

The Ultimate Guide to Starting a Software Company

Up and Running

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.”. In fact, GreenPal wasn’t the only one that figured it was best to go for a Delaware-based C-Corp.

What Is a Benefit Corporation?

Up and Running

Method, the popular cleaning products company, is a registered benefit corporation in the state of Delaware. Image via methodhome.com.

Legal Checklist for Startups

Scott Edward Walker

Incorporate in Delaware and qualify the company to do business in the state in which its principal office is located (see #2 here ). I’ve been a corporate lawyer for 17+ years, and there are certain fundamental legal mistakes that I’ve seen startups repeatedly make.

More Tech Startups are LLCs

Austin Startup

Background Reading: When LLCs Make Sense for Startups Not Building a Unicorn If you have spent almost any time reading about the basics of startup legal issues, you know that Delaware C-corps are the default organizational structure for a “classic” tech startup (software, hardware) planning to raise angel/VC money and scale. In that world, everyone is a Delaware C-Corp.