Wednesday, June 01, 2005

Really good advice about when to incorporate

Dan Marques writes in his blog about the relative virtues of when a start-up should incorporate, and with whose help.

But for the sake of the start-ups I care most about, he has this to say:
I have rarely seen (if ever) people telling prospective entrepreneurs the benefits and strategies of not incorporating (at least in the short run). [...] Basically, any major contract or cash flow that is foreshadowing the real start of your new venture is when you should incorporate.
There's the rub: even if you've started up, you haven't started up, until the money starts coming in. And you shouldn't spend a dime on incorporation until you reach that point.

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posted by Ron @ 11:13 PM

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