3 ms·
I also take issue with the definition of a startup. For instance, in Missouri it costs $50 to set up an LLC. I tend to separate my ventures into separate compan
by philip1209 14y ago
I also take issue with the definition of a startup. For instance, in Missouri it costs $50 to set up an LLC. I tend to separate my ventures into separate companies. The goal of each one is to make a profit. A weekend project or automated/passive income project also counts as a startup, even if it does not have an active team or venture capital - it is still a new business.
- stephen_g 14y agoWow, I'm envious! It costs $433 to lodge a company registration with the ASIC in Australia. It's a bit more (mine cost $570) if you use an online service which can lodge electronically and generate all the documents you need for your company to be legal (i.e. forms for consent to act as a director, company constitution, share certificates, etc.)
- philip1209 14y agoThat is much more expensive. I believe that the $50 fee is for filing online, so in 20 minutes with a credit card you can have confirmation paperwork.
- jmitcheson 14y agoFWIW it's around $130 AUD to lodge in New Zealand. Most Australian companies you do business with will treat you the same, plus: no software patents :) Of course if you have complicated tax / revenue issues it's probably not worth the hassle.