Spot on George. There is a difference between "incorporating your startup" and a "startup incorporation." But if a founder simply wants to file a charter to get inc.'d, the article is helpful.
Design credit goes to Dave Onkels, co-founder of Magntize. (http://daveonkels.com)
Sure, if it's my vesting schedule I'm pushing for single-trigger acceleration. ;)
Well, the example assumed the startup's gross assets were $250,000. If gross assets were $100,000 the tax would be $75 (actual calculation gives you $70 but min is $75).
Thanks George. We need to catch up soon!
If you use the assumed par value capital method to calculate your franchise taxes (instead of the authorized shares method), your startup's franchise tax bill isn't likely to be very much.
My recommendation is always home state OR Delaware--the post is what I would personally do. I'd rather deal with the administrative issues early than reincorporate later. Also, in true hacker tradition, it's probably…
If you want to work with startups, you would have either do corporate/securities or IP work. Very difficult to do both, as each is a deep & separate field of law. Thus, it's unlikely that one lawyer could handle all…
Spot on George. There is a difference between "incorporating your startup" and a "startup incorporation." But if a founder simply wants to file a charter to get inc.'d, the article is helpful.
Design credit goes to Dave Onkels, co-founder of Magntize. (http://daveonkels.com)
Sure, if it's my vesting schedule I'm pushing for single-trigger acceleration. ;)
Well, the example assumed the startup's gross assets were $250,000. If gross assets were $100,000 the tax would be $75 (actual calculation gives you $70 but min is $75).
Thanks George. We need to catch up soon!
If you use the assumed par value capital method to calculate your franchise taxes (instead of the authorized shares method), your startup's franchise tax bill isn't likely to be very much.
My recommendation is always home state OR Delaware--the post is what I would personally do. I'd rather deal with the administrative issues early than reincorporate later. Also, in true hacker tradition, it's probably…
If you want to work with startups, you would have either do corporate/securities or IP work. Very difficult to do both, as each is a deep & separate field of law. Thus, it's unlikely that one lawyer could handle all…