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by patio11
2542 days ago
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(I work at Stripe.) You can email us and we’ll introduce you to a lawyer who can assist you with winding down the company. In the simplest case this costs $500. Speaking generally, the complexity depends on what you’ve done with the company. Dissolving a company which has had a paper existence but never done anything is straightforward; shutting down a company with material operations, payroll, legal commitments, etc requires materially more work. The supermajority of that is figuring out to do about the commitments rather than the entity per se. |
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Even though there's a caveat ...
>Not legal advice: companies don’t have an Undo button and you probably shouldn’t make one on any given Tuesday for the heck of it... but you totally could form a real, honest-to-Delaware company on any given Tuesday, and there are a lot of things that company could then do. [1]
... somehow I think that the button to create a Delaware C-corp should come with agree-to check-boxes something like this:
∙ I have read Paul Graham's essay on playing house [2] and I'm not just creating a company because that's something startups do.
∙ I understand that there are more lightweight incorporated entities that offer limited-liability and other benefits that might better suit my use-case and that are easier to wind down than a Delaware C-corp.
See also my comment elsewhere in this story. [3]
[0] https://twitter.com/patio11/status/1047017099749666817
[1] https://twitter.com/patio11/status/1047018192097464320
[2] http://www.paulgraham.com/before.html
[3] https://news.ycombinator.com/item?id=20379633