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Any good resources in registering a business?
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Forum Regular
Join Date: Aug 2005
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I have read many books and have started to write code.  Now I am thinking that I should be looking into registering my software company. I have no knowledge with this sort of thing, but know that there are many types of companies that one can create. Sorry about the location of this post, I just figured there would quite a few people in here that have gone trough this process and could help me out .
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Mac Elite
Join Date: Jul 2002
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Loss Limited Corporation. Setup requirements vary by state.
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Clinically Insane
Join Date: Oct 2001
Location: San Diego, CA, USA
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"I have read many books and have started to write code" doesn't sound like you have a software company. It sounds like you're beginning to write some small programs by yourself. Setting up a legal corporation is unnecessary overhead at this stage, in my opinion.
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Chuck
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"Instead of either 'multi-talented' or 'multitalented' use 'bisexual'."
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Forum Regular
Join Date: Aug 2005
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Originally Posted by Chuckit
"I have read many books and have started to write code" doesn't sound like you have a software company. It sounds like you're beginning to write some small programs by yourself. Setting up a legal corporation is unnecessary overhead at this stage, in my opinion.
Even if I want to make money selling it? 
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Mac Elite
Join Date: Jul 2002
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Definitely setup a LLC if you plan on selling stuff for money. Protects you if you get sued (hence the Loss Limited).
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Forum Regular
Join Date: Aug 2005
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Originally Posted by Thinine
Definitely setup a LLC if you plan on selling stuff for money. Protects you if you get sued (hence the Loss Limited).
Just to clarify what I want to do.. I just want to setup a one man show creating small useful apps that I feel are missing for OS X. One thing that I really love about OS X is the vast amount of cheap or free quality software. Just about anyone with the drive to create software for the OS can easily accomplish their goals. If I can make a little money for my efforts, then why not?
One thing that I am wondering is if an LLC is necessary. For what I am doing there is barely any overhead costs. The software that I will create will use the shareware model of distribution, and I already have a Fedora server connected to a T1 that I can use to host my site. I could be wrong, but I don't think anyone could sue me because of the software they bought from me.
Would it be a bad idea to setup a Sole Proprietorship?
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Addicted to MacNN
Join Date: Mar 2000
Location: London, UK
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Originally Posted by Thinine
Loss Limited Corporation. Setup requirements vary by state.
Do you mean a Limited Liability Company?
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Addicted to MacNN
Join Date: Mar 2000
Location: London, UK
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Originally Posted by HungrySeacow
I could be wrong, but I don't think anyone could sue me because of the software they bought from me.
You are wrong.
You might like to read the slides from Wil Shipley's WWDC 2005 Student Talk, too - there's a section on starting your own Mac software business.
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Mac Elite
Join Date: Jul 2002
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Er, yes, that's exactly where I got my information. I really don't know anything about LLCs beyond what's in that presentation.
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Forum Regular
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Originally Posted by Angus_D
WOW, great link . Looks like it is an LLC for me. Thanks everyone!
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Admin Emeritus  Join Date: Oct 1999
Location: Zurich, Switzerland
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Originally Posted by Thinine
Loss Limited Corporation. Setup requirements vary by state.
What's the saying about a little bit of information being more dangerous than none at all? 
An LLC doesn't protect you from losses -- a loss is when you make less money than you spend, regardless of whether you're being sued.
An LLC has one real function: to protect your personal assets should your corporation be sued. It legally separates you the person from your company -- to a degree. Should you show gross negligence or certain criminal activities, you may become personally liable despite the LLC.
It's a good idea, but you should know what you're doing first... it has tax consequences, it costs money to incorporate (in my state, it's $300 a year  ), it will require you to have an accountant for bookkeeping and tax filing, etc etc etc.
I suggest you talk to an accountant (not a lawyer!) first, and figure out what to do.
And if you have a name for your company, you can always register it even before you have a corporation.
tooki
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