It is always better incorporating right, so you don\'t waste time and money in the future.
Check Yokum\'s notes at http://www.startupcompanylawyer.com/ or directly contact him http://www.startupcompanylawyer.com/contact-yokum/.
On Feb 8, 2013, at 1:26 PM, Ajay wrote:
Since you can always amend your articles of incorporation later, it makes
more sense to self-incorporate in the beginning. It\'s really quite easy.
The exception may be if you\'re starting a non-profit, as you\'ll need
specific IRS-approved language in your founding documents. But even that
you can do yourself with a bit of research.
+1 on doing it yourself in your local state as a C-corp, it\'s easy. You can always create a Delaware corp and have it�acquire�your local state corp. Just make sure that you have shareholder\'s agreement that specify that all shareholders get�proportional�dilution. Or one or more of you may end up being pushed out as�Eduardo Saverin was with Facebook. (I am not defending how�Saverin�behaved.)
--- On Sat, 2/9/13, michael <mich...@barnathan.name> wrote:
From: michael <mich...@barnathan.name>
Subject: [FD Members] Re: Anybody use a good incorporation self service?
Cc: "Ajay" <aj...@yahoo.com>
Date: Saturday, February 9, 2013, 12:03 PM
Since you can always amend your articles of incorporation later, it makes more sense to self-incorporate in the beginning. It\'s really quite easy.
The exception may be if you\'re starting a non-profit, as you\'ll need specific IRS-approved language in your founding documents. But even that you can do yourself with a bit of research.
I self incorporated and somehow know about 83(b) election. It\'s in a lot
of the SBA and other online resources. These discussion groups are also
great for passively learning that information, since everyone who read
this thread now knows about 83(b) elections :)
On 2/11/2013 7:55 PM, Aleksandra Czajka wrote:
If you incorporate through LegalZoom do you need to do anything else to own
the stock? If not, I\'m guessing you have till 30 days to file 83(b)
election after the incorporation date through LegalZoom. How do you file
On Mon, Feb 11, 2013 at 8:12 PM, Michael Barnathan
Ajay - I believe you are in California. I have used companies in Sacramento that do this, and it is very efficient (cost and time). They send you the documents, and you complete them, and then they do the filings. It is a snap. I can\'t locate the company I used in the past, but below are three companies that should be able to handle this for you.
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On Feb 8, 2013, at 10:26 AM, Ajay <aj...@yahoo.com> wrote:
I know a good startup attorney in SF who\'s reasonably priced. She
specializes in this sort of thing:
Mention founderdating because they\'re always willing to chat over a cup of
coffee with aspiring entrepreneurs and point you in the right direction.
FYI don\'t send your operating agreements to the SOS.
1) it becomes public record
2) every change must be filed with the SOS adding to your expenses
3) the SOS is lazy, they don\'t want your extra papers. Seriously they don\'t want to see it.
4) the state will recognize your operating agreement in court without filing it with the SOS.
What you need to file with the SOS is your articles of incorporation, it is usually 1 or 2 pages and you can download and fill it out yourself. If you are filing in Delaware it is next to impossible to F-up your articles... If you do, you probably shouldn\'t be trying to start your own business anyway. ;) . Wyoming and Nevada are also really easy. No need to pay a lawyer to incorporate, but a lawyer is good to draft your internal operating agreement.
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