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Life for a startup on the receiving end of a patent law suit

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Re: Life for a startup on the receiving end of a patent law suit

#42

Post by lccarrasco »

slowdown wrote: post #22

I have an LLC (US), but this is one of the blunders I've made and I plan on dissolving it soon. There are many reasons to my answer, here are some: The problem with a US based LLC is that you open up free access to thousands of patent trolls waiting to eat your hard earned money. This isn't a problem if you can afford a decent Lawyer for $5000-15000, but for businesses like mine, which are bootstrapped, it's totally…

Somewhat unrelated, but what other countries have you considered? I wanted to open a US LLC to sell Android/iOS apps (my country is limited to free apps) but given that I can't open a US Bank Account (at this point) I've been looking for other options.

Re: Life for a startup on the receiving end of a patent law suit

#43

Post by rfctr »

pkinsky wrote: post #40
rfctr wrote: post #35

Earlier quoted context omitted.

What if his daughter really got killed or raped?

Other patent assertion entities would be inspired to think carefully about targeting entities subscribing to our protection service.

I dunno how it is in US, but in other places all kinds of shady businesses are protected by organized crime. Try to harass their businesses and jokes may end pretty quick.

Re: Life for a startup on the receiving end of a patent law suit

#45

Post by hfsktr »

ChuckMcM wrote: post #3

Still waiting for the "Prenda Law" moment in patent court.

http://en.wikipedia.org/wiki/Prenda_Law

I must be living under a rock as I only barely recognized the name. That all read bad enough but then the part where they are likely putting stuff on pirate bay to then prosecute people...the more of this I read the more outlandish it seems.

Re: Life for a startup on the receiving end of a patent law suit

#46

Post by cpursley »

lccarrasco wrote: post #42
slowdown wrote: post #22

I have an LLC (US), but this is one of the blunders I've made and I plan on dissolving it soon. There are many reasons to my answer, here are some: The problem with a US based LLC is that you open up free access to thousands of patent trolls waiting to eat your hard earned money. This isn't a problem if you can afford a decent Lawyer for $5000-15000, but for businesses like mine, which are bootstrapped, it's totally…

Somewhat unrelated, but what other countries have you considered? I wanted to open a US LLC to sell Android/iOS apps (my country is limited to free apps) but given that I can't open a US Bank Account (at this point) I've been looking for other options.

Look into a Nevis LLC or IBC. Pretty cheap to start ($2k USD) modeled after US Delaware LLC and they have a stable British based law system. Anybody who wants to sue you must post a $25k USD bond to the Nevis government before even proceeding. And this doesn't include the money they'd have to spend to fly down, hire a local attorney and then sue your company.

http://www.nestmann.com/nevis-llcs/

Edit: I see you're from Bolivia. A Panama corporation might be a better choice for you. They'd have to first hire a translator to sue you : )

Re: Life for a startup on the receiving end of a patent law suit

#47

Post by cpursley »

rfctr wrote: post #36
chenster wrote: post #27

Would it be safe to move the company outside of US where patent troll cannot reach in legal jurisdiction?

You can move the company. But as long as you make sales in US, you can be blocked from doing business.

Sure, but nobody's going to take the time to do so.

Re: Life for a startup on the receiving end of a patent law suit

#49

Post by lccarrasco »

cpursley wrote: post #46
lccarrasco wrote: post #42

Earlier quoted context omitted.

Somewhat unrelated, but what other countries have you considered? I wanted to open a US LLC to sell Android/iOS apps (my country is limited to free apps) but given that I can't open a US Bank Account (at this point) I've been looking for other options.

Look into a Nevis LLC or IBC. Pretty cheap to start ($2k USD) modeled after US Delaware LLC and they have a stable British based law system. Anybody who wants to sue you must post a $25k USD bond to the Nevis government before even proceeding. And this doesn't include the money they'd have to spend to fly down, hire a local attorney and then sue your company. http://www.nestmann.com/nevis-llcs/ Edit: I see you're fro…

Thanks for the info, I'll look into it : )

Re: Life for a startup on the receiving end of a patent law suit

#50

Post by ioncereadknuth »

look kids, the system is rigged. you dont organize, you dont form voting groups based on your issues, you dont get involved in politics, and when the rules bend the odds vehemently against you, you go to a social media website and bitch about it.

when are you losers going to wake the hell up?

and oh yeah, Aaron Shwartz, never forget.

edit: you know theres a business opportunity right there. you know crowd funding? how about crowd voting? that'll teach em.

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