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That's a bad piece of advice if you have partners. It's the fastest way of getting screwed by an ill-intentioned one, or getting your IP stolen, or worse (At le
by herval 14y ago
That's a bad piece of advice if you have partners. It's the fastest way of getting screwed by an ill-intentioned one, or getting your IP stolen, or worse
(At least in a few countries I know the laws - not entirely sure about the US)
- bengi 14y agoJust for liability purposes it's worth dealing with incorporation early. If you have co-founders, you're a de facto general partnership until you opt for something better.
- tptacek 14y agoIf you have partners, get vesting taken care of immediately. Don't do business with partners that won't agree to vest. You can set up a vesting (or equivalent buyback) structure with an LLC, but it might not be "LegalZoom-easy". The longer you wait on vesting, the harder it is to get it set up. Don't wait.