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by cduzz 443 days ago
I'm suggesting that starting a project like this should involve consulting with an attorney and possibly an accountant.

It is important, generically, to be friends or at least have a relationship of some sort, with an attorney. This is all _really_ vanilla stuff and they should be able to assess the minimum requirements and financial outlay needed in less than 20 minutes.

You want to be very clear about what the thing is, where you stop and it starts, who owns it. If you're going to be taking money for doing the thing, you want to know how to pay taxes on it, and how to value it (now, when you create it, and later, in the event you plan on selling it).

Make a plan, talk to the attorney about the plan, and understand what steps need to be taken to protect yourself and the project.

You can certainly play fast and loose; it'll probably be fine. You may have to play fast and loose if you have no resources. But there are lots of people who have gotten very badly burned by not paying attention to the rules and fine print in the contract(s).

Examples of things going badly include Redis and CCR, just off the top of my head.