Great post on ReadWriteWeb entitled Startup, Inc – What You Need to Know Before Starting a Company. It talks about all the different vehicles you can use to set up a business entity from being a sole trader all the way to setting up a corporation. It then talks about the difference between shareholders, directors and management which is always an interesting point for the uninitiated.
The article then talks about the documentation that is required for a company and also legal and financial concerns. The interesting part then talks venture capital and how companies go through different rounds of financing.
I found the article pretty interesting, especially as a comparison between UK companies and US companies. Obviously, legislation and taxation would be different in the two jurisdictions, so it’s always worth getting expert advice before embarking down this road.
