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Ask HN: Cheapest way to llc/merchant account?
Hi. My current startup(which consists of two) is going through incorporation, registering the merchant account and hooking it up with Braintree. I saw Jason L Baptiste's interview on Mixergy where he slightly mentioned how much they spent on LLC/Merchant account costs ... but would really like to get a nice overview of the CHEAPEST way to LLC and merchant account.
Any ideas?
Thanks in advance.
- ambirex 16y agoIIRC in that interview Jason said they filed everything to incorporate themselves, they didn't use any service. That means doing some leg work to find the documents.
- zdw 16y agoLLC's, in the US at least, are locally defined, so you'd need to find resources in your jurisdiction. When I started a business, I used two local resources: 1. SCORE: http://www.score.org/index.html http://www.score.org/index.html Basically retired business executives helping out new businesses. They probably won't have a great grip on the minutia of what you're doing (generational differences, mainly), but are great people to go over soft skills with (elevator pitches, etc.), and generally have information on where to go and what to fill out to start a business. 2. The places you actually file the paperwork. Most likely this is the local business license office, and/or the corporation commission locally. Call before, ask a few questions, especially about order of things you need to do (File LLC paperwork or get business license first?). Most people want to be helpful, as it'll save them time if you walk in with all the paperwork done correctly.
- lsc 16y agoI bought the nolo book on it. Uh, if I had to do it again, I'd probably have done it as a sole proprietor. I mean, i don't have any assets outside of the company, so limiting liability is not important right now... becoming a sole proprietor is super easy. go down to your local city hall and give them twenty bucks for a business licence and a DBA... take those to the bank and they'll set you up.