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Thats right, you should always start working on it as a side-project and launch it, see if it gets any user base or if you can make money by monetizing. Forming
by krisrak 16y ago
Thats right, you should always start working on it as a side-project and launch it, see if it gets any user base or if you can make money by monetizing. Forming a company can be done when you have VC's interested or you are making a lot of money. Until then you can just collect the money from sales or monetization and file it as 1099-MISC tax return. No company is required initially especially for web based startup
- dazzawazza 16y agoI agree but I'd just like to add the caveat that a company offers you some legal protection which depending on your market you may need or may be desirable. Of course being a director/owner also brings it's own responsibilities which you must respect.