Re:On Incorporation - Hold Off Until You Have The Cash To Spare
by _delirium on Monday February 22, 2010 @05:13PM
(#1143893)
I'm not sure I'd consider it "almost nothing"; if your startup budget is $10k and ramen, it's a noticeable chunk of that. In California, it's $800 per year to keep an LLC incorporated, plus an extra $200 or so the first year in fees. In NYC, it's $1500 or so to set up an LLC. Some states are cheaper, though (Texas is a one-time $300).
[ Parent
| on HN ]
Re:On Incorporation - Hold Off Until You Have The Cash To Spare
by jsiarto on Monday February 22, 2010 @05:22PM
(#1143914)
This is the cost of starting up a business. It's not a Wordpress Blog--it's a business and it's gonna cost money. If you can't stomach $1000/year in filing fees you either need to find a business that will earn some revenue in the first year or move on to greener pastures.
Re:On Incorporation - Hold Off Until You Have The Cash To Spare
by _delirium on Monday February 22, 2010 @05:56PM
(#1143992)
Or, you could just not pay those fees, and operate as a sole proprietor initially. If you don't have large savings, there's not really much risk; if you lose your $10k, declare bankruptcy and start over.