| First of all, congratulations to you and your team on coming this far. 1. No. Investors will want to see product market fit, size of opportunity, growth potential. Without true and paying customers (people you don't know), this is too hard to claim, so even most angel investors will consider the current state too early. 2. An angel investor would be able to assist you with company registration, however you can also do it yourself through an agency. I would recommend pricing this out (both establishment and annual ongoing fees and charges) so you have an idea of what you're getting in to financially before taking the plunge. This will be part of your first financial forecast, which is going to be maintained going forward. 3. Accelerators are fronts for investment. They also want high growth potential businesses. Unless you can justify this, it may be hard to get accepted. Also, they usually demand full time commitment for the whole team in a certain physical location (ie. whole team has to move cities) and some traction with an MVP at a minimum. Unless you and your team are all willing to quit your jobs, they may not be right for you. However, they may provide the dangling carrot that maintains team motivation and gets you all to commit full time. Only you will know if it's right for your team. Frankly, it's a large risk. You would probably do well to maintain your income and operate the business part time initially. 4. Decide on ownership and investment structure. Commit to paying the C-Corp and related accounting/filing fees. Get it done through an agency. Try to sell the tool and get some real market validation. 5. You don't need articles. You need sales. In short: Register a company, listen to your real or potential customers, get some sales. |
Although this is true, I would seriously advise the founder to get his own (trustworthy) lawyer assist him through the process, as with everything related to incorporating the company (ownership and investment structure).