2 ms·
This is just not true. Suppose you file the basic incorporation documents provided by your state and you are the sole shareholder. How exactly will that provi
by epi0Bauqu 19y ago
This is just not true. Suppose you file the basic incorporation documents provided by your state and you are the sole shareholder. How exactly will that provide you with "no protection in court" or "hurt you big time if you end up going big?"
- davidw 19y agoYou have to do some other things, like open up a bank account, and make sure company things are separate from personal things. But there are books (nolo.com has some for instance) that explain the steps necessary. I guess it's all about risks/rewards - I don't have a lot of assets to begin with, I'm not sure the company will go anywhere, so why blow thousands of dollars on expensive lawyers? Better to learn the details of the process myself. So I created an LLC in Oregon. On the other hand, if you're already wealthy, and want to create some kind of music sharing site... well, maybe some good lawyers are worth the money.