Five Reasons NOT to Form Your Startup As an LLC

There are plenty of savvy startup experts who will tell you that there is absolutely no reason to form your startup as an LLC. You should always be a Delaware C Corporation. If you talk to any of the major accelerators, that’s what they’ll tell you. Same for most VCs. But make no mistake, there … Read More

Seven Rookie Mistakes Startups Make When Raising Money

1) Working with the Wrong Kind of Investors There’s a saying in the startup world: “the first money that goes in determines how much money, if any money at all, comes in after.” Regular startup investors are an incestuous lot, and they’re usually a pretty sophisticated group, too. If you look at the resumes of superstar … Read More

Questions to Ask When Starting a Business

The most important legal consideration when you are starting a business is to make sure that everyone knows where they stand with the company. The next step is to make sure that there is clear, written documentation of everyone’s status in the company. To do this correctly, first you have to consider all the relevant … Read More

Delaware vs. Colorado Corporation: What Makes Sense for My Business?

Delaware vs. Colorado Corporation: What Makes Sense for My Business?

(Updated June 14, 2017) If you’re in the startup world, you may be at least vaguely aware that most hugely successful startups are Delaware corporations. Indeed, there are many smart people who say this is the only right answer to the question, “What type of entity should I form for my startup?” I don’t think this is true, however. There … Read More