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StartupPro: How to set up and grow a tech business by Martin Zwilling

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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, ...

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