andrew_gust

6 ms·

31.
by andrew_gust 10y ago
While yes, this isn't legal advice, I'd just like to add that the product and software were both built with heavy involvement from experienced startup lawyers.
32.
by andrew_gust 10y ago
Part of the premise of Gust Launch is that it's far simpler to start this way, as a Delaware C-Corp with expected structure, than it is to convert later. The conversions range from easy to extremely painful but they're almost all
33.
by andrew_gust 10y ago
Hmm, I'm not sure that's accurate. What would you be converting to if your company was already a C-Corp?
34.
by andrew_gust 10y ago
It's pretty quick to set up a C-Corp too—it's much, much more annoying to change the LLC into a C-Corp when you do want to fundraise.
35.
by andrew_gust 10y ago
IANAL, but I'd imagine being limited to one class of stock would really shoot you in the foot for fundraising (no preferred stock for investors, etc.)
36.
Why your startup should be a Delaware C-Corp, not an LLC(launch.gust.com)
273 points by andrew_gust 10y ago|169 comments
37.
by andrew_gust 10y ago
Thanks! We specifically designed it to remove the barriers and costs that come with starting up, especially for first-time founders who may not be aware of all the bases they have to cover.
38.
by andrew_gust 10y ago
Good question! Most of the tools and services included are ongoing, rather than one-time. We designed Gust Launch to support your startup through its entire lifetime, and many of the things you need (like legal advice, bookkeeping, tax prep
39.
by andrew_gust 10y ago
Hey, Andrew from Gust here. Thanks for asking! Stripe Atlas has some of the same functionality but it's just designed for the first step of the process. In addition to incorporation, Gust Launch helps you through the company formation