3 ms·

I always considered a startup as an incorporated legal entity and a web app as an application on the web.

• quizbiz 17y ago
  At what point do you incorporate?
  • aditya 17y ago
    When you absolutely must, ie. something would break horribly if you weren't an incorporated legal entity. Like you have a term sheet from investors, or you want to start charging people. Incorporating early is fairly pointless, especially if you're just at the idea stage.
    • paulbaumgart 17y ago
      Incorporating gives you better liability protection if you do it right. Depending on your product, this may be valuable. Even if you're not incorporating, it's still a good idea to have a fairly formal agreement if you're working with a team of people.
    • swolchok 17y ago
      So you need a formal business structure to charge anyone any amount of money? I just made a proposal to advertise for a local business that will get me two figures per month if it's accepted, covering 25-50% of my current costs. I would rather not drop the money on an LLC until I have some idea of how it might get recouped...
  • deleted 17y ago
    [deleted]