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Startups For the Rest of Us

Episode 442 | Corporate Structures and How the Choice You Make Now Can Impact You Years Down the Line

Startups For the Rest of Us

Rob Walling

Management, Entrepreneurship, Business, Marketing

4.8792 Ratings

🗓️ 30 April 2019

⏱️ 28 minutes

🧾️ Download transcript

Summary

Show Notes In this episode of Startups For The Rest Of Us, Rob and Einar Vollset talk through the different kinds of corporate entities, how they differ, and how they can impact you in the future. Items mentioned in this episode: TinySeed LegalZoom

Transcript

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0:00.0

In this episode of Startups for the Rest of Us, I know and I talk about U.S. corporate structures,

0:04.9

taxes, and why what you do now can impact you years down the line. This is Startup for

0:09.8

The Rest of Us, episode 442.

0:28.3

Welcome to Startups for the Rest of Us, the podcast that helps developers, designers, and entrepreneurs be awesome at building, launching, and growing software products.

0:30.7

Whether you've built your first product or you're just thinking about it.

0:31.5

I'm Rob.

0:32.6

And I'm Anar.

0:36.4

And we're here to share our experiences to help you avoid the same mistakes we've made.

0:37.5

So we're this week, sir.

0:40.5

You know, it's same old, same old.

0:46.8

I'm mostly spending my time arguing with lawyers and accountants and things around Tiny Seeds. So that's always exciting.

0:48.8

It's probably been, oh, since before microcom, it's been nonstop lawyering pretty much.

0:54.3

So that's both expensive and frustrating at the same time.

0:58.0

Yeah.

0:58.7

You know, I was looking at some notes I had from a couple years ago.

1:02.2

I found this old notebook and I had some goals, personal goals that I didn't announce on the podcast,

1:06.3

but personal goals for myself.

1:07.5

And I said one of the bullets was I don't want to talk to any lawyers this year for any reason it was like 2017 or something it was exactly yeah yeah that's been that's been

1:16.4

kind of a yeah it's been unavoidable for me lately and it's uh mostly with tiny seed stuff like

1:21.7

the main actually the main hurdle on which I guess we'll get get into this later it's like the main

1:25.6

hurdle's been like you've got to these they're lawyers who are specialize in whatever, right? You know, like you wouldn't go to a securities

1:30.9

lawyer if you need to be, you know, defended for, you know, a hit and run. But you talk to lawyers

...

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