Search icon CANCEL
Subscription
0
Cart icon
Your Cart (0 item)
Close icon
You have no products in your basket yet
Save more on your purchases now! discount-offer-chevron-icon
Savings automatically calculated. No voucher code required.
Arrow left icon
Explore Products
Best Sellers
New Releases
Books
Videos
Audiobooks
Learning Hub
Conferences
Free Learning
Arrow right icon
Arrow up icon
GO TO TOP
StartupPro: How to set up and grow a tech business

You're reading from   StartupPro: How to set up and grow a tech business Practical guidance on how to turn your passion, idea, and technical skills into a successful business

Arrow left icon
Product type Paperback
Published in Dec 2014
Publisher
ISBN-13 9781783001422
Length 238 pages
Edition Edition
Arrow right icon
Author (1):
Arrow left icon
Martin C Zwilling Martin C Zwilling
Author Profile Icon Martin C Zwilling
Martin C Zwilling
Arrow right icon
View More author details
Toc

Table of Contents (15) Chapters Close

StartupPro: How to set up and grow a tech business
Credits
About the Author
About the Reviewers
Preface
1. Do You Have What It Takes to be an Entrepreneur? 2. Does Your Dream Idea Have the Potential to be a Business? FREE CHAPTER 3. When, Where, and How Do You Formalize a Technical Business? 4. Does a Technical Entrepreneur Really Need a Business Plan? 5. When and How Do You Find Funding for a Technical Business? 6. After the Funding, How Do You Survive the Execution Risks? 7. Are You Ready for All the Leadership and Team Challenges? 8. Do You Understand How Social Media is Changing the Business Landscape? 9. If You Build It, Will They Find You, and Will They Use It? 10. Can You Build the Relationships Needed to Succeed in Business?

Chapter 3. When, Where, and How Do You Formalize a Technical Business?

The intent of this chapter is to provide recommendations on how to address all the practical requirements of starting a technical business, including ones with web apps, smartphone apps, computer software products, or any high-tech hardware. These requirements include picking a location for your operation; incorporating the business, tax, and accounting considerations; and the implications of timing on the various steps involved.

In the U.S., I recommend that technical businesses be formally registered with one of the States, either as a Limited Liability Corporation (LLC), where income and losses are merged with owners' personal income tax returns but liability is kept separate, or incorporated under United States federal income tax law, and taxed separately from its owners (C-Corp). Most other countries have similar mechanisms. Tradeoffs will be discussed in this chapter.

Besides incorporating as an LLC or C-corporation...

lock icon The rest of the chapter is locked
Register for a free Packt account to unlock a world of extra content!
A free Packt account unlocks extra newsletters, articles, discounted offers, and much more. Start advancing your knowledge today.
Unlock this book and the full library FREE for 7 days
Get unlimited access to 7000+ expert-authored eBooks and videos courses covering every tech area you can think of
Renews at $19.99/month. Cancel anytime