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Ask HN: What are the basics to starting a company?

8 pointsby eugenerossalmost 11 years ago
What are the basics that someone would know about starting a company such as registering it as an LLC, etc.? Also, what about filing patents to secure intellectual property? Any tips?

3 comments

kkowalczykalmost 11 years ago
You&#x27;re asking a question that requires a book to answer. Such books are plentiful, for example <a href="http://www.nolo.com/products/form-your-own-limited-liability-company-liab.html" rel="nofollow">http:&#x2F;&#x2F;www.nolo.com&#x2F;products&#x2F;form-your-own-limited-liability...</a><p>The same goes for patents, for example <a href="http://www.nolo.com/products/patent-it-yourself-pat.html" rel="nofollow">http:&#x2F;&#x2F;www.nolo.com&#x2F;products&#x2F;patent-it-yourself-pat.html</a> (although the very fact that you think about patents to &quot;secure intellectual property&quot; betrays a naïveté about how those things work in real life. If you don&#x27;t have tens of thousands of dollars (at a minimum) to spare for a patent lawsuit, then obtaining a patent is pointless).
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lognalmost 11 years ago
An LLC isn&#x27;t really the first step. For an LLC to help at all in limiting liability you have to keep your company finances separate from your personal finances, which you can&#x27;t do until the business is making money. That said, an LLC is fairly easy to set up and lets you get a business bank account.<p>Patents are costly and take years to be approved.<p>The best way to secure IP is to use copyright (as simple as noting it&#x27;s copyrighted) and if you have a logo, add a &quot;TM&quot; to it. You can register your copyrights and trademarks down the road.<p>IANAL.<p>I think step 1 is validating and&#x2F;or building an idea&#x2F;MVP and getting customers.
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isuraedalmost 11 years ago
Get customers.