Incorporating your startup is crucial for protecting your business and intellectual property. The main types of corporations are sole proprietorship, LLC, S-Corp, and C-Corp. Startups often choose C-Corp for its legal structure and fundraising opportunities. Incorporation is necessary for liability protection, share transfers, attracting investors, establishing IP ownership, and gaining credibility. Delaware is favored for its favorable corporate climate, but physical relocation is not required. Hiring a lawyer is no longer necessary, as online services provide cost-effective guidance. Documents needed for incorporation include the Certificate of Incorporation, Bylaws, and various agreements. Investors prefer C-Corps due to simplified taxation. Thoroughly consider options and seek assistance to ensure a successful incorporation process.
Types of corporations and how to incorporate your startup By Calvert Wong
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