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by billpatrianakos 5294 days ago
Registering as a corporation may not be smart if you're planning on bringing some VCs on board. You'll likely end up having to reincorporate in some other state for some reasons. Even when you apply to YC the guidelines say its preferable that you haven't filed as a corporation. You can get a simple DBA for real cheap and still be considered a company. I started off at my local County building and paid only $5 plus another $90 for a 3 week required newspaper ad.

But I'm not so sure this post talks about how to do a startup as much as how to start a side project.

1 comments

People say this every time the topic of incorporation comes up. It's true: if you take funding, they're going to tear up your existing corporate structure and rebuild it. This argues for keeping your pre-funding structure as simple as possible. But what's not true is that you'll get passed up (for anything) because you're already set up as an LLC. If your pitch is so flimsy that $1000 of legal work kills a deal, you never had the deal to begin with.