Category: Forming a Company (Page 1 of 3)

How to Come Up with Great Startup Ideas

“You don’t need to be a genius or a visionary, or even a college graduate for that matter, to be successful. You just need a framework and a dream,” said Michael Dell, founder of Dell.

Coming up with great startup ideas can be challenging, but there are several techniques you can use to help generate new and innovative ideas. Here are some tips to help you come up with great startup ideas:

How to Form a Company: Setting Up a Legal Entity

There’s a lot to consider when forming a company. Establishing a US company involves numerous steps, which can vary depending on the type of company you are forming and the jurisdiction in which you are operating. Here is a general overview of the steps involved in forming a company.

Where can I find Delaware corporate formation documents? I’m launching a startup where I plan to get venture funding.

QUESTION:

I’m launching a startup where I plan to get venture funding.   Where can I find Delaware corporate formation documents?  I’m looking for angel & VC funding, so I want something that would be acceptable to both.

ANSWER:

Below is a link to the formation documents for a Delaware Corporation provided by Orrick.  You need to check with your counsel to make sure these work with your company.

Go see Corporate Formation Docs

Incorporation Questionnaire

LLC vs. S Corp — Incorporating Your Startup

Which entity is best for a start-up?

First, let’s define each type of entity and how they can be formed.  Then we will discuss which is best.

An LLC (Limited Liability Company) is a hybrid of a partnership and Corporation.  Instead of “Shareholders”, owners are referred to as “Members”.  In a corporation there are officers that run the company, such as President, Treasurer, Secretary.  With an LLC there are no officers, instead they are referred to as “Managers”.

Starting Your Own Business

by Martin Vivek

Starting your own business is exciting. Putting your dream in action, ideas down on paper and out for the world to see can be challenging. Becoming an entrepreneur can hold some difficulties. You must be prepared for hard work, planning every aspect of the business and how it will become profitable, meticulous organization, and strong dedication.

Best Advice on Starting a Business

Best Advice on Starting a Business – Entrepreneurs from The Lean StartupConference relay the best advice others gave them when they first set out to start a business.

This video and article was produced by David Spark, who was reporting for the New Relic Blog (http://blog.newrelic.com) at The Lean Startup Conference in San Francisco.

Are there any laws I need to follow when issuing stock to founders in different states?

Naomi Kokubo

Naomi Kokubo

Question: One of our founders asked us, “We’re starting the company with founders residing in more than one state.  Are there any laws that we should be aware of?”

Answer by Naomi Kokubo, Editor of Founders Space

I’m a big fan of Startup Law 101 series:  http://www.grellas.com/faq_business_startup.html

You need to look at the securities law surrounding the founder’s stock purchase and what is known as “blue sky” laws:

http://www.grellas.com/faq_business_startup_012.html

What are the advantages & disadvantages of incorporating in Delaware?

Naomi Kokubo

Naomi Kokubo

Question: What are the advantages and disadvantages of incorporating in Delaware?  I hear it’s important for an IPO, but if we don’t plan on going public anytime soon, should I bother to incorporate in Delaware?

Answer by Naomi Kokubo, Editor of Founders Space

That’s a really good question.  We did some research and we found an interesting article on the advantages and disadvantages of incorporating in Delaware.

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