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Engineering the High Tech Start Up, Volume II by William Flannery, Cory R.A. Hallam

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CHAPTER 5

CREATING A LEGAL ENTITY

This chapter covers legal options associated with creating and operating your startup. As an entrepreneur you have many options, from simply assuming an operating name for your company to forming a fully incorporated legal entity. There are pluses and minuses to each type of structure and you must decide what the best route is for you. Most technology-based startups that intend to raise capital, invest in research and product development, and get a product or service to market will require creating a corporation.

A corporation is an artificially created legal entity that is separate and distinct from the owners, officers, and employees of the corporation.

5.1 CONSULTING, BUILDING, SELLING, RAISING CASH, NONPROFIT? ...

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