joeag

10 ms·

61.
by joeag 16y ago
Actually, having assets appropriate to the business type is one of the key factors in determining whether the corporate entity will be respected and you are correct that it differs for a RE company and an internet startup. There are plenty
62.
by joeag 16y ago
I like the knowledge sharing example - what about an "exclusive" knowledge sharing forum between certain professionals - say in house lawyers? I know in the time I was a general counsel there were a lot of questions I didn't have the answer
63.
by joeag 16y ago
I think all you really need to do is solve an identified problem that the customer will pay for. The rest is just a matter of how big your business will get and how fast and that depends on market size, competition and execution. To get ear
64.
by joeag 16y ago
An entrepreneur is anyone who has to make payroll, even if the entrepreneur is the only one on it.
65.
by joeag 16y ago
If a corporate entity is created and funded with very little in the way of assets it can be disregarded in a legal proceeding. This is called "piercing the corporate veil". There are other factors a judge or jury will weigh as well, but as
66.
by joeag 16y ago
1. even if a company does business as an LLC or C corp, etc. if there wasn't much in assets when it was started (like cash), your corporate entity probably doesn't holdup; 2. most likely, you signed a contract with Rackspace personally ri
67.
by joeag 16y ago
You must really appreciate form over substance then. The ideas expressed are right on and favorable to the entrepreneur - guys like Dave are forcing all investors to deal with entrepreneurs on more equal terms, if only by providing them mo
68.
by joeag 16y ago
Convertible notes, in smaller amounts and in sequential offerings just make so much sense if you combine them with customer development and lean startup strategies. It's simple, fast and allows investors to measure their risk. I believe it'
69.
by joeag 16y ago
It's going to be awfully hard for any taxing authority (at least in the US) to characterize a contractor hired through a service (in the manner described in the article)as an employee: 1. The contractor presumably has other clients/custome