Startup Junkies

America's Startup Booster Rocket Since 2004

Alexis Tschotskes

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With So Many Options Available What Type of Company Should You Register?

So many people in here keep spouting out “Delaware LLC bro” and whatnot without realizing the pitfalls and benefits to certain formation styles, so here are the basics:

  • Sole Proprietor: The most basic of businesses. Not incorporated, no civil liability shield or tax benefits. If someone sues the business they are suing you and you can literally lose everything. Can use a DBA or your own name.

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This just came in from Facebook’s CEO Mark Zuckerberg about the IPO disaster:

Dear Facebook User,

Hi, it’s Mark.

As you may have heard, our IPO last week didn’t go quite as well as expected.  How badly did it go, exactly?  If you live in a major city, you’ve probably seen homeless guys huddled around bonfires of Facebook stock.  More ominously, I just received a call from my attorney telling me that I probably didn’t need a prenup after all.

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The guy who houses hundreds of startups: Plug and Play’s Saeed Amidi

Saeed talks about what it’s like being the owner of a building that houses hundreds of startups and as well as the provider of mission critical services to his tenants. This is a dream job. The interview is packed with helpful insights and lessons.

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