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This could actually be a really fun project to do with your child. It's a pretty inexpensive way to teach them about how companies work, the basics of organiza
by quartz 7y ago
This could actually be a really fun project to do with your child. It's a pretty inexpensive way to teach them about how companies work, the basics of organization, and even introduce them to the idea of taxes.
Registering a simple company in your local state, issuing stock, designating your board, doing your meetings and minutes, filing your $0 tax return, then dissolving it would probably only cost you ~$100 - $200 in supplies and fees.
- kccqzy 7y agoNot in California, where you pay $800 annually just for existing.
- quartz 7y agoSince the company is never going to actually conduct business in California I wonder if you could register in another state like Massachusetts and skip the foreign qualification in CA?
- drbojingle 7y agoYea that was my thought process as well. First idea was to use Stripe Atlas. https://stripe.com/en-ca/atlas https://stripe.com/en-ca/atlas. Costs more than your estimate but seems pretty turn key and it's a good segway in to building simple web applications and hosting them on product hunt.