Weekend startups prove challenging

Re:Weekend startups prove challenging by alex_c on Tuesday March 25, 2008 @06:00PM (#146207)

That is interesting. Does that mean that advertising for a co-founder runs into the same problems? Or advertising for 2, or for 99 co-founders?

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Re:Weekend startups prove challenging by shawndrost on Tuesday March 25, 2008 @07:03PM (#146275)

You may be breaking the same law, but you're probably breaking half a dozen other laws at the same time (zoning, etc) and this one seems no more likely to affect you.

I suspect that corporate lawyers are mistakenly worried about irrelevant laws being broken, but I don't know if that's the case here: 100-person startups formed over a weekend face unique legal challenges.

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Re:Weekend startups prove challenging by icky on Wednesday March 26, 2008 @02:17AM (#146617)

IANAL, but IIRC, once you have over a certain number of shareholders (and it's somewhere in that neighborhood), you are effectively a public company. Which means you get screwed by SarbOx.

(And you've already had your "IPO", so there goes even more money).

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