4 ms·
Handle all the legal stuff up front were it is much easier and affordable. My advice to you: a few hundreds up front with an attorney and certified professiona
by techjuice 11y ago
Handle all the legal stuff up front were it is much easier and affordable. My advice to you: a few hundreds up front with an attorney and certified professional accountant will save you thousands or millions down the road.
I recommend starting your business up front as it is cheap to do so ( legalzoom.com ) and helps you run your business in a proper structure for growth from the beginning. In terms of what documents to use you, can only adopt what others have once you receive their official permission from an officer of the company authorized to allow you to do so. Also note that copying their terms may not be applicable to your business or give you the best benefit legally so getting legal advice from an attorney is advised.
If you want to enable more investor options you will have to convert your LLC to a Corporation so insure that you know the differences between the two and plan out what you want to do up front. When you have an LLC up front you can have the separate business accounts and separate your personal assets from the business assets which will help you keep your books straight along with with having the ability to show your cash flow to potential investors without having to include personal items in it that are irrelevant to the business.
You can build the product or other things once you have a product and do not need to start the business up front until your really ready to start marketing it, bringing in employees, investors, etc.