“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:
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.
Choose a business structure: There are several types of business structures to choose from, including sole proprietorship, partnership, limited liability company (LLC), and corporation. Each type has its own benefits and drawbacks, so it’s important to choose the one that best fits your needs. A sole proprietorship is a business owned and operated by a single individual, while a partnership is a business owned and operated by two or more individuals. An LLC is a hybrid business structure that combines elements of a corporation and a partnership, and offers liability protection for its owners. A corporation is a separate legal entity owned by shareholders and managed by a board of directors. Each type of business structure has its own benefits and drawbacks, so it’s important to choose the one that best fits your needs.
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:
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”.
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.
To become a successful entrepreneur you need to possess certain skills, to be independent, creative and more than willing to take risks in order to see the rewards of your business. Many entrepreneurs who have found success in starting their own businesses have a strong support system and business mentors that will help provide them with insight and guide them along the road to success.
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.
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
Are you having trouble coming up with a great idea for your startup? Well, try these four sites, and you’ll get a good laugh. You may even recognize some of the ideas!
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
Ethan Stone
by Ethan Stone, Stone Business Law
First, a quick but important clarification: I’m not your lawyer and this answer doesn’t establish an lawyer-client relationship. I’m giving a generic answer to a generic question to educate the users of this site.
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