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by waleedka
6951 days ago
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Don't issue 10 million shares just yet. Otherwise, I agree with the rest of lindsayrgwatt advice. Since you're incorporating in Delaware, keep in mind that Delaware taxes are calculated based on the number of shares you authorize. You could end up paying tens of thousands of dollars in taxes (http://www.corp.delaware.gov/frtaxcalc.shtml). I used incorporate.com and they cost about $200 or so for a Delaware corporation, and I would recommend them. If you're the sole owner then there is not much to worry about. After you incorporate, you can have your "accountant" look at the documents and tell you if you're missing something. They usually know how these things work. You don't necessarily need an attorney at this early stage. |
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