I am starting a company that is a website. I am starting it with 3 of my friends, with the four of us spliting ownership equally at 25% each. What is the best way to set this copmpany up? We think we will be really big and are going to need venture cap. funding at some point, probably early on. With the complexities of stock and share types such as common vs. prefferd vs. options, i am very confused and do not know how to strart my company. How should I do it? Any advice on any of this would be welcome. Thank you.
2007-04-23 18:47:23 · 5 answers · asked by i-dont-know 1 in Business & Finance ➔ Small Business
SBA provides a number of financial assistance programs for small businesses including
7(a), 504 and disaster assistance loans. Within this section, we’ll review eligibility requirements, SBA’s loan programs, surety bonds and the role of SBA, equity capital topics, special purpose loans, SBA partner topics and 7(a) lender programs. Though the SBA does not provide grants to help you start a business, included is information on organizations and sites that can assist you in locating special purpose grants.
Excerpt above from second source below...find a state based Small Business Administration in your area. They are qualified and trained to assist you in determining what your actual options are, as well as, helping guide you toward the best decisions for your start-up company.
2007-04-23 18:58:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you propose on promoting inventory within the corporation sort an INC, if the corporation will stay privately owned via you and your peers sort an LLC. Speak with a trade lawyer or accountant for element suggest. Good Luck!!!
2016-09-05 22:08:03 · answer #2 · answered by gaudioso 4 · 0⤊ 0⤋
NEVER, NEVER use a partnership in the US. I would use either an LLC or S-Corporation. But, because LLC's vary a little from state to state, check with an accountant.
2007-04-24 02:04:47 · answer #3 · answered by jdkilp 7 · 0⤊ 0⤋
Set up as a private corporation
2007-04-23 18:54:14 · answer #4 · answered by Leanne H 2 · 0⤊ 0⤋
There are resources you can use to help you figure which to use LLC, Inc etc. Here is a quick resource to get you started.
2007-04-26 13:14:09 · answer #5 · answered by dorwin29 3 · 0⤊ 0⤋