ASK YC: DIY C Corporation

Re:ASK YC: DIY C Corporation by yrashk on Saturday August 23, 2008 @05:10PM (#284820)

Seriously, if you want to save like, $100 and waste a lot of time — then go to http://www.corp.delaware.gov/howtoform.shtml and read all you can find.

Though beware that you will anyway need registered agent services, which range from $50 to $300 annually.

Also forming corporation does not end with incorporation, it only starts with it. You will have to meet all the regulations, like having some paperwork done; accounting and annual reports + franchise tax, etc.

But first — ask yourself — why do you need to incorporate right now, what advantages are looking for? Are you ready for some disadvantages?

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Re:ASK YC: DIY C Corporation by lisp_newb on Saturday August 23, 2008 @05:49PM (#284834)

People sue each other for the silliest reasons these days. I'm creating a MMORPG for the iPhone. Suppose one person says something mean to another person (MySpace Fiasco) or someone gets too addicted to the game (EverQuest / WOW), I don't want to get personally sued (and in this current time, people sue each other for trivial reasons) -- so it's about protection.

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