Have an LLC
6 hours ago
- Building startups is dramatically faster now compared to the past, with the incorporation step often being the main bottleneck.
- The author built a small software tool (Calendearing) in four hours but had to wait a week for legal and financial setup before launching.
- Getting an LLC in advance is recommended to enable quick action, separate personal and work finances, accept payments, and gain legal liability protection.
- GitHub originally started as Logical Awesome, LLC, showing how a pre-made company can pivot into a successful business.
- An LLC costs around $500 per year (except in California where an additional $800 is required) and provides valuable optionality for exploring ideas.