Incblog for Entrepreneurs
Covering entrepreneurship and business start up questions for non-residents and US citizens.
Covering entrepreneurship and business start up questions for non-residents and US citizens.
Apr 23 2009
by John Gordon | 11:04 GMT
LLCs and corporations are different in more ways than just letter combination. Each derived from different types of laws, and therefore come with significant baggage. Corporations, owned by shareholders and ruled by a Board of Directors through hired officers, are the result of centuries of entrepreneurs using other people’s money to produce profits. This led […]
Apr 22 2009
by John Gordon | 11:04 GMT
The application for authority and what it really means The filing of an application for authority in a state means that the company is allowed to do business there. The laws that administer how the company is run are unaffected – this is covered by the laws of the state where it is incorporated. However, […]
Apr 22 2009
by John Gordon | 11:04 GMT
Often we get asked, where should we incorporate? What’s all this about Delaware? Here’s our rules of thumb: If you just have one location, and sell locally, you’re probably best off incorporating in your state, acting as your registered agent. (Standard rule applies, of course: get a good lawyer and a good accountant first, before […]
Apr 17 2009
by John Gordon | 10:04 GMT