Ask HN: Do you incorporate before or after validating the project?
Thank you very much
Thank you very much
I have a question that has been going back and forth into my had for a while now, I am working on one startup project, the thing is that I am quite close to finish it and I don't know what to do.
I am a self employee right now and my question is: Do you think people will get away from paying in paypal when they see my name in stead of Comany Name INC or LLC ? I would prefer to use this account for now and once I get more customers to turn it into a real company, I would like not to invest money right now in creating a company, etc.
What do you think? Will this work? Should I get a company name? Should I lunch and get some seed funding and then get a company name?
Thank you for your precious time
Let me get to the point. We get the product up and running and we receive some funding (Seed or Series A funding whatever you would like to call it), we don't know if is appropriate to discuss with the investor a minimum salary for us (2 developers / funders) ?
If so we are thinking to ask as little as possible at start in order just to cover our expenses.
And one more thing, once we have an offer from a VC that would like to invest in our project how can we get some help from a lawyer? Keep in mind that by then we will 80% run out of cash.
We could start taking in some projects but this will result in a delay in our development and we are trying to avoid that as much as possible.
Thank you