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I learned the hard way: Incorporation seems easy but man can it be a huge pain when done poorly. Before I do it again, I'm reading this guide. One recommendati
by DtNZNkLN 3y ago
I learned the hard way: Incorporation seems easy but man can it be a huge pain when done poorly. Before I do it again, I'm reading this guide.
One recommendation: Add a section on winding down a corporation. This is difficult and easy to get wrong and can be quite costly when things do go wrong :)
- swampthing 3y agoThanks for bookmarking :) It sounds like the last section in particular, the one about the types of information that go into a certificate of incorporation, may be particularly of interest in that case. And yes, you're exactly right about dissolution — it is easy to get wrong! Incorporation lends itself much more to standardization because everyone is starting off from the same place, which is nothing. By contrast, dissolution depends heavily on the current state of the corporation, which of course differs widely. Hopefully we'll be able to add some content to cover the simplest scenarios at some point though.
- Solvency 3y agoAny anecdotes on how wrong incorporation can go and why?