3. Start your company as an LLC No matter what anyone tells you, don't start as a C-Corp, unless you are sure that VC is investing in your company right away. Even the cost of winding down a C-Corp is substantial.
Could not agree more!
Mistakes on Our Way to $88k in Revenue
11–20 of 29 posts
Re: Mistakes on Our Way to $88k in Revenue
#12Click-bait. Imagine you made a way to make 88k a month and keeping growing, why tell anyone? Exactly: You tell once growth has stopped and you need a quick fix.
> To date we’ve made around $88,000 in revenue via our recruiting services, $78,000 of which has come in 2019 so far.
Total, not monthly.
Re: Mistakes on Our Way to $88k in Revenue
#13What about IP agreements? After reading "Venture Deals" you get the idea that if you to talk about your project and bounce ideas off of them during the development phase they could have implicit "rights" to IP. What do you have to have everyone you talk to about developments sign an IP agreement?
Re: Mistakes on Our Way to $88k in Revenue
#143. Start your company as an LLC No matter what anyone tells you, don't start as a C-Corp, unless you are sure that VC is investing in your company right away. Even the cost of winding down a C-Corp is substantial.
What about forming an LLC using stripe atlas? Is it better to do it in Delaware or your own state?
Re: Mistakes on Our Way to $88k in Revenue
#153. Start your company as an LLC No matter what anyone tells you, don't start as a C-Corp, unless you are sure that VC is investing in your company right away. Even the cost of winding down a C-Corp is substantial.
How much does it cost to switch from C-Corp to LLC? What are the Pros and Cons of moving to LLC?
Re: Mistakes on Our Way to $88k in Revenue
#163. Start your company as an LLC No matter what anyone tells you, don't start as a C-Corp, unless you are sure that VC is investing in your company right away. Even the cost of winding down a C-Corp is substantial.
Second biggest mistake I did for my startup; creating a c-corp and the major headaches that came with it. First mistake was reading startup glories and successes and pitching to investors and killing my time. I heard the term "toxic positivity" to describe this. And also the blog that was posted here about not focusing on revenue but making software "bigger" and "better". No offense but it's wrong: focus on the revenue. If people are not paying, your software is worthless.
Re: Mistakes on Our Way to $88k in Revenue
#17Click-bait. Imagine you made a way to make 88k a month and keeping growing, why tell anyone? Exactly: You tell once growth has stopped and you need a quick fix.
88k a month is absolutely nothing.
Re: Mistakes on Our Way to $88k in Revenue
#183. Start your company as an LLC No matter what anyone tells you, don't start as a C-Corp, unless you are sure that VC is investing in your company right away. Even the cost of winding down a C-Corp is substantial.
Unless you're in the Cannabis industry and you don't want to worry about 280e
Re: Mistakes on Our Way to $88k in Revenue
#193. Start your company as an LLC No matter what anyone tells you, don't start as a C-Corp, unless you are sure that VC is investing in your company right away. Even the cost of winding down a C-Corp is substantial.
Unless you're in the Cannabis industry and you don't want to worry about 280e
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Re: Mistakes on Our Way to $88k in Revenue
#203. Start your company as an LLC No matter what anyone tells you, don't start as a C-Corp, unless you are sure that VC is investing in your company right away. Even the cost of winding down a C-Corp is substantial.
Unless you're in the Cannabis industry and you don't want to worry about 280e
How does being a C Corp protect you against 280e?