HN Explorer

Ask HN: Definition of "startup"? Business entity required?

2 points by igneous4 ↗ HN
Does creating a "startup" entail creating a real business entity (such as an LLC), including tax id number, special bank account, and so forth?

Or does simply putting an interesting webapp online with a plan to make money qualify as a "startup"?

3 comments

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rick888
I think many people say they have a startup, when in reality, they just have a webapp. A startup should be a business (which might involve a webapp or service).
maxdemarzi
A project to deliver a product or service cradled with uncertainty.
niktrix
"These companies, generally newly created, are in a phase of development and research for markets " wikipedia .

before internet become popular there was no concept startup , when jobs was making lisa in garage he didnt called that startup.