The key is to avoid making a screwed-up corporation with its records in disarray. In particular, keep a detailed ledger of of all shareholders and what they ow

The key is to avoid making a screwed-up corporation with its records in disarray. In particular, keep a detailed ledger of of all shareholders and what they own (!) and write bylaws that provide for a merger/stock-swap/sell-out without needing the signature of every shareholder. IP assignments and records are also important. The nightmare scenario to avoid is a missing shareholder or inventor derailing the IPO/sell-out.