Does creating a "startup" entail creating a real business entity (such as an LLC), including tax id number, special bank account, and so forth?<p>Or does simply putting an interesting webapp online with a plan to make money qualify as a "startup"?
I think many people say they have a startup, when in reality, they just have a webapp. A startup should be a business (which might involve a webapp or service).
"These companies, generally newly created, are in a phase of development and research for markets " wikipedia .<p>before internet become popular there was no concept startup , when jobs was making lisa in garage he didnt called that startup.