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Atmrix

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YC

Y Combinator Cast

04/28/17

@ Y Combinator

Delaware is the preferred state for forming corporations because its laws are clear and investors are comfortable with Delaware corporations.

Video

YC

Legal and Accounting Basics for Startups with Kirsty Nathoo and Carolynn Levy (HtSaS 2014: 18)

@ Y Combinator

Legal and Accounting Basics for Startups with Kirsty Nathoo and Carolynn Levy (HtSaS 2014: 18)

04/28/17

Related Takeaways

JW

Jeff Weinstein

07/11/24

@ Lenny's Podcast

One in six new Delaware corporations are formed through Stripe Atlas, which is a remarkable statistic.

CL

Carolynn Levy

09/20/19

@ Y Combinator

When starting a company, the first step is to form a corporation, which protects founders from personal liability.

AB

Andy Bromberg

03/09/18

@ Y Combinator

Companies are becoming cheaper to start and raise funds due to advancements in legal automation and standardization, making it easier for investors to invest.

YC

Y Combinator Cast

03/07/18

@ Y Combinator

Investing through an LLC is often beneficial for pooling funds, while individual investments may be simpler for personal funds or trusts.

YC

Y Combinator Cast

04/28/17

@ Y Combinator

Use online services for incorporation to save costs; hiring a lawyer is only necessary for complex legal matters.

JL

Jessica Livingston

09/07/24

@ Y Combinator

We standardized the incorporation paperwork for startups, making it simple and easy, which was unprecedented at the time.

HT

Harj Taggar

03/26/21

@ Y Combinator

Once you've decided on a co-founder, formalize your partnership through legal incorporation and a vesting agreement to ensure shared commitment.

MS

Michael Seibel

06/02/24

@ Startup Istanbul

If you don't need money, investors will be more eager to give it to you, so structure your company to minimize initial expenses.

GR

Geoff Ralston

10/11/18

@ Y Combinator

Incorporate your business properly before fundraising; many investors won't consider investing in LLCs or unincorporated entities.