Startup Junkies

America's Startup Booster Rocket Since 2004

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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Ambulance chaser lawyer gets our nominee for Asshole of the Year.

We have been following the Oatmeal vs Funnyjunk.com* war for the past few weeks. If you haven’t heard about it by now, here’s the gist. Funnyjunk has been republishing Oatmeal content for years now without permission. In fact, it rarely even attributes the source. Oatmeal then complained. How does Funnyjunk respond to be exposed as a copyright infringer? By trying to shakedown Oatmeal for $20,000!.  Here is Oatmeal’s explanation of the situation:

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Here are some new sources of funding for your startup.

Brandery is a Cincinnati-based nonprofit startup accelerator with the goal of supporting startups in technology-based consumer experiences. More than 50 mentors work with the companies, which each receive $20,000 in seed money. Leading Cincinnati-based design firms offer free branding and visual identity guidance to each of the startups. Quantifiable benefits available to Brandery companies exceed $175,000. Good candidates are consumer-facing startups such as consumer Internet, media and entertainment companies that are based on technology platforms. Details can be found at http://www.brandery.com

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