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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