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As to intellectual property, I would have an offshore entity (Cyamans, BVI) hold everything until an investor makes you restructure it into something else. The
by jhancock 18y ago
As to intellectual property, I would have an offshore entity (Cyamans, BVI) hold everything until an investor makes you restructure it into something else. Then a simple piece of paper signed by all people developing the IP assigns ownership to this offshore entity. For onshore operating, you simply license the IP to your U.S. entity for a small fee. You can get away with this approach for quite a bit.
There is no good answer for how you maintain visas once you quit you day jobs. This part sucks. One "straightforward" option may be to strike a partnership with an IT outsourcing company that manages employees in the U.S. from India and give them a small piece of the company for handling your employment. You may find that such a partnership would work well as such an entity is an automatic HR and accounting department for your growing entity. You focus on creating a great product and your partner focuses on the housekeeping.