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He offers terrible advice telling people to not incorporate. He's stubborn about it even when the audience challenges him. You should incorporate at the very
by ckinnan 17y ago
He offers terrible advice telling people to not incorporate. He's stubborn about it even when the audience challenges him.
You should incorporate at the very start for a number of reasons-- liability, taxes, IP ownership, banking, hiring contractors. It doesn't cost but a few hundred dollars.
- aditya 17y agoSince the he in this case is me, I think it was nice to have the audience challenge me, since I said at the beginning that I was not an expert - I mean, this was barcamp after all :-) My problem with incorporation is not the cash, but the time you waste - trying to figure out if you should be an LLC/C Corp/S Corp, doing the paperwork, and then once incorporated dealing with taxes. Here's some previous discssuion: http://news.ycombinator.com/item?id=125368 http://news.ycombinator.com/item?id=125368 That being said, incorporation is something that is very case specific, and my do not incorporate advice was based on my experiences, which is what the presentation really was about. I still don't think incorporating is a good idea for a bootstrapped product-less startup, how's that for stubbornness? ;-)