Loading...
Answers
MenuWhich are the steps to open a startup in USA?
Answers
I have a program that goes through that with you. Delaware is good for incorporation because of its tax laws. But there is much more to consider than just that. First you need to clarify your idea. Determine if you are ready to run a business and have the mindset for it. Then, look at your target, what you are selling and who you will sell to. The legal pice of things is made very easy in some states through the office of assessments and taxation. I would also start with the Small Biz Administration, sba.gov. THere is a lot of help there. Also, SCORE.
I would suggest 2 things to investigate first seek to join a business incubator program such as The Founder's Institute http://www.fi.co and when the time comes incorporate in Delaware it's the best State (tax wise). I can offer further advice if you wish
Has anyone helped you with this?
I have started several entities in the USA and currently work for a startup that just raised $4m. I don't know everything about the legal system, but never paid a lawyer and have done pretty well!
You'll want to consider:
- Type of entity
- Domicile
- Are you providing services or products, physical or online?
Answers to the questions will have different ramifications such as you will still have to pay Federal taxes and taxes in states where you sell, but may avoid additional taxes from Delaware-based actions.
Happy to help if I can.
This is the best period to start a business in US. The US economy bounced back with a record yet temporary surge of growth in the third quarter as businesses reopened and stimulus cash powered consumer spending reversing much of the collapse stemming from coronavirus lockdowns. Just as the second-quarter plunge in output was the biggest in seven decades of data, so too was the third-quarter recovery: Gross domestic product grew 7.4%, a quarterly gain that equals an annualised pace of 33.1%, the Commerce Department’s initial estimate.
The figure topped economists’ estimates for a 32% increase, which was already well above forecasts three months ago for an 18% gain. Personal spending fuelled the surge in growth, climbing an annualised 40.7%, also a record, while business investment and housing also posted strong increases.
You will get all the information you need in the following link: https://www.usa.gov/start-business
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Related Questions
-
How can I make a million dollars?
First, I agree with Chad in that the pure pursuit of money is unlikely to render anything significant. By using a monetary value as a primary goal, you're only diluting the real drivers of success: passion, crafting great customer experiences, building an incredible team and culture etc. That said, making $1m isn't that hard. :) I love this thinking by Amy Hoy and that's how I would go about making $1m: http://unicornfree.com/30x500. Using that logic, this is what I'd do: * To earn $1m in a year, I need to earn +- $80k a month. * To earn $80k a month, I need 1600 customers paying me $50 per month. * So what can I build that could attract 1600 people to pay me $50? * Or, what could I build that could attract 400 people to pay me $200 per month? This logic works on two drivers: * Cumulative revenue and growth. So SaaS works best in this regard, as you only need to focus on having new signups that are greater than your churn. * Building something that people are willing to (really) pay for and going for quality over quantity. If you are building something that sells for $5 pm, you'll need to sell at much higher volumes (which are tricky). In terms of doing that, these are the areas of my business that I would prioritize: 1. Build an awesome team that do things they're passionate about. 2. Prioritize customer experiences above anything else. Do everything in your power (regardless of whether it can't scale) to add value and help your customers. 3. Build a brand and reputation that has long-lasting value.Adii PienaarAP
-
How can I become an idea person, as a professional title?
One word: Royalties This means you generate the idea and develop it enough to look interesting to a larger company who would be willing to pay you a royalty for your idea. This happens all the time. Rock stars, authors and scientists routinely license their creative ideas to other companies who pay them a royalty. Anyone can do it. Your business, therefore, would be a think tank. You (and your team, if you have one) would consider the world's problems, see what kinds of companies are trying to solve those problems, and then develop compelling solutions that they can license from you. You have to be able to sell your idea and develop a nice presentation, a little market research and an understanding of basic trademark and patent law. The nice thing about doing this is that if you develop enough cool ideas you will have royalties coming in from a lot of different sources, this creates a stable, passive revenue stream that requires little or no work to maintain. Start in your spare time and plan on the process taking 3-5 years. Set a goal to have a few products in the market that provide enough revenue (royalties) to cover your basic living expenses. Then you can quit your day job and dedicate more time and increase the momentum. A good idea business should have dozens, if not hundreds of license contracts generating royalties. It's possible to pull this off. And it is a fun job (I'm speaking from experience).Mike MoyerMM
-
What advice do you give to a 16 year old entrepreneur with a start up idea?
First, hat tip to you for being a young entrepreneur. Keep it up! If you have the funds to build out your MVP, hire a developer and possibly a mentor. If your idea is marketable, you don't need to give up equity by bringing in a co-founder. If this is your entrepreneurial venture, I would recommend you do retain a coach to help you see all the things you may not know. Have you already done your SWOT analysis? Have you identified your target market? What is your marketing plan? What will be your operating expenses? There are lots of questions to ask. If you would a free call, I'd be happy to help you in more detail. Just use this link to schedule your free call... https://clarity.fm/kevinmccarthy/FreeConsult Best regards, Kevin McCarthy Www.kevinmccarthy.comKevin McCarthy - Founder, BlindSpots.comKM
-
Is it possible to start a Social Media Marketing Agency with not much experience in Social Media and not much money?
I have to ask why you would start an agency in an area you don't have much experience in. Perhaps you'd be better off getting at least a little experience first?Amy VernonAV
-
Business partner I want to bring on will invest more money than me, but will be less involved in operations, how do I split the company?
Cash money should be treated separately than sweat equity. There are practical reasons for this namely that sweat equity should always be granted in conjunction with a vesting agreement (standard in tech is 4 year but in other sectors, 3 is often the standard) but that cash money should not be subjected to vesting. Typically, if you're at the idea stage, the valuation of the actual cash going in (again for software) is anywhere between $300,000 and $1m (pre-money). If you're operating in any other type of industry, valuations would be much lower at the earliest stage. The best way to calculate sweat equity (in my experience) is to use this calculator as a guide: http://foundrs.com/. If you message me privately (via Clarity) with some more info on what the business is, I can tell you whether I would be helpful to you in a call.Tom WilliamsTW
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.
