Remove Cost Remove Delaware Remove Finance
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You Don’t Need Delaware to Start Your Company

Startup Professionals Musings

It used to be true that “everyone” incorporated in Delaware due to its more favorable terms, but many of these terms simply don’t apply to startups, or the differences don’t exist anymore. There are still business considerations which might override low cost and simplicity. I live in Arizona, so I’ll use that state as an example.

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The Legal Side of Entrepreneurship

YoungUpstarts

This article highlights their advice on issues ranging from financing to patent trolls: While startups may believe lawyers are too costly, working with one early on avoids potentially serious problems later. ” The Cost of Financing. Startups also must pay an inexpensive service fee for incorporating in Delaware.

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How to Form a Corporation

Up and Running

Having both will add cost, but they should also add significant peace of mind to your work throughout this process. Delaware is a very popular state to incorporate in, and boasts the highest number of incorporated entities in America. The cost of filing ranges between $100 up to $800 or so, depending on your state and type of entity.

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Saul Mishkin Reveals The Secret To Starting A Business As An Immigrant In America

The Startup Magazine

Overhead costs such as rent and potentially furniture can be expensive at first, especially if the business is poorly marketed. It is not always easy to tell which areas in the United States have high crime rates, and choosing the wrong location can cost money. Even immigrants who are not located in Delaware can still start a business.

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More Tech Startups are LLCs

Austin Startup

Background Reading: When LLCs Make Sense for Startups Not Building a Unicorn If you have spent almost any time reading about the basics of startup legal issues, you know that Delaware C-corps are the default organizational structure for a “classic” tech startup (software, hardware) planning to raise angel/VC money and scale.

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What Are the Key Steps in Achieving Debt Relief for Your Business?

Women Entrepreneurs Can

If inadequate, explore lowering operating or owner costs to free up repayment capacity. Debt Consolidation The Delaware State Housing Authority offers a Small Business Loan Program that consolidates higher-interest short-term debts like credit cards or personal loans into more manageable, low-fixed, longer-term loans up to $100k.

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The Ultimate Guide to Starting a Software Company

Up and Running

The software was sold based on installation cost running on local servers for enterprises—which was very, very expensive. For GreenPal, Gene Caballero says, “We knew that if we ever wanted to be looked at seriously by venture capitalists, we would need to be a C-Corp in Delaware.”. Delaware permits a single-member board of directors.