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The answer is complex, because it depends on the tax laws of where you live. Having said this if you are the only founder and the only one putting money in then
by danieltillett 9y ago
The answer is complex, because it depends on the tax laws of where you live. Having said this if you are the only founder and the only one putting money in then it does not matter too much. You may be better off not even incorporating until you are ready to raise (once again it depends on your the tax laws of where you live).
You really need to talk to a good accountant who knows your situation in full.
- zebo 9y agoHey! I live in Palo alto, california. Thanks for the advice. So I am taking on a cofounder and raising money in the next 2 months - which is why I started thinking about this! I had to incorporate so I could sign SAAS contracts with fast food chains and develop and deploy AI for them.