Startup - Looking for Advice - Moving Forward
Hi,I just started a site called www.Potpage.com. We are looking for advice on how to grow our subscriber base and if anyone had suggestions on interesting features.Any advice would be greatly appreciated
1. Formal agreement between partners on project - Time is your most valuable asset so if you are investing into the project with additional persons it's best to formalize structure once you've made an agreement and are at a place where you are each committing 10+ hours per week
2. Monetary Investment is being made - At the point that meaningful monetary investment is made which I would pin at $10,000. The cost to formalize an LLC in California is $800 + minor costs so setting aside 10% of your initial spend on formalizing is money well spent
3. Take on any outside investment from anybody - You need an ivnestment vehicle so the second you decide to raise $5,000 from your Uncle Larry it's time to open the LLC
I really like your idea of unifying projects in 1 LLC then spinning them on success. You can also create a unique DBA for each project and this is very effective.
Hope this helps.
Best, SS
Hi,I just started a site called www.Potpage.com. We are looking for advice on how to grow our subscriber base and if anyone had suggestions on interesting features.Any advice would be greatly appreciated