View Full Version : I am starting a company, how should I set it up? LLC, LP, or INC?


BobW
10-10-2006, 05:40 AM
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.

jaybird17762001
10-21-2006, 10:05 AM
I would consult either an attorney or a cpa. Based on what kind of company you have, will you have inventory etc. They can give you the best advice. Plus the attorney can do your articles of incorporation or any other paperwork required to set you up properly.

sbiddib
11-01-2006, 02:29 PM
Sorry but it sounds by your questions that you are not near ready to start a business... Sounds like you don't even have a business plan yet... That's so elementary ..Hope I'm wrong so Good Luck to you.