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Interestingly enough, starting a c-corp is actually quite difficult and expensive. You are probably looking at minimum 5k in legal fees to do it "right". You h
by CryoLogic 9y ago
Interestingly enough, starting a c-corp is actually quite difficult and expensive.
You are probably looking at minimum 5k in legal fees to do it "right". You have incorporation paperwork, post-incorporation, trademarks, copyrights, patents, foreign qualifications, a lawyer to draft out founders agreement and employee agreements etc.
That's not chump change. Maybe to some HN developers, but to the average joe starting a company is very expensive. Especially if you go by the new age motto of trying a bunch of shit and failing and trying again.
After those legal costs you have to consider the costs of the average business, and the fact the financing is not avail. for the average joe. VC capital is not based off of merit, or much aside from connections and friendships. It's basically "bros funding bros".
There are opps. to get govt. funding, but not enough to support almost any business today. A 20k grant means nothing when you can't even afford a 280sqft studio on that