Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

Start up Accountant Recommendations

Hi guys,

I'm theearlystages of forming my LLC. We dont have any funding right now. We are looking to consult with an accountant with expertise in early stage tech startups to get some advice on how to setup things in the right way. If you have any good experiences from the past or know of someone you can recommend I would love to hear it.


Thanks,

Celu.

15 Replies

Keir Reynolds
0
0
Keir Reynolds Entrepreneur
Chairman and CEO of MEZZI SMART LUXURY
Fodio.co Sent from my BlackBerry device on the Rogers Wireless Network
David Crooke
0
0
David Crooke Entrepreneur
Serial entrepreneur and CTO
VirtualCFO worked well for us in 99/00.
Matt Mireles
1
0
Matt Mireles Entrepreneur • Advisor
My advice: Don't waste time with an LLC. Setup a Delaware C-corp w/ 4 yr founder vesting. Will save you headache and legal fees.

For some perspective, I sold my last company (2008-2012) to a competitor after raising $1.1MM from Google Ventures & 500 Startups.
Celu Ramasamy
0
0
Celu Ramasamy Entrepreneur
FX Artist/Developer at DreamWorks Animation
Correct me if I'm wrong, I'm a resident of California and suspect most of our operation to be based here in the state. It was my understanding that If you don't incorporate in the state that you are planning to do the bulk of your operations in, then you could lose the personal liability protection offered by these legal entities?





Matt Mireles
1
0
Matt Mireles Entrepreneur • Advisor
@Celu: Wrong. Setup a Delaware C-corp and, when you're ready, file as a foreign corp operating California.

http://www.sos.ca.gov/business/be/faqs.htm#form-question7

If you don't and you're found out, you'll be subject to fines, but you don't lose personal liability protection. That only happens in rare circumstances.

More generally, if you're going to incorporate your company, get competent legal counsel with early stage startup experience. This shit ain't rocket science, but it is a specialty field and non-specialists have a penchant for screwing it up. In Los Angeles, I recommend Scott Walker:

http://walkercorporatelaw.com/
Celu Ramasamy
0
0
Celu Ramasamy Entrepreneur
FX Artist/Developer at DreamWorks Animation
Cool. Thanks for the tip. Willdefinitelylook into this.
Susie Harborth
0
0
Susie Harborth Entrepreneur
Chief Financial Officer, GnuBIO; Co-Founder BioInnovation
Celu We use Lisa Velardo at Aspen Consulting (aspenconsultingllc.com). She is great and we use her on multiple entities/projects. --------------------------------- Susie Harborth
John Arroyo
0
0
John Arroyo Entrepreneur • Advisor
Delivering ecommerce and cloud applications, CEO of Arroyo Labs
Celu, you don't have to incorporate in the state but you still have to register with the state. Found that out when I was trying to get health coverage...had to file with CA as a foreign corporation. It wasn't hard at all and you can even do it through legalzoom if you want to expedite.
Alex Gourley
0
0
Alex Gourley Entrepreneur
Founder at Active Theory Inc
We've found a real swiss army knife of abookkeeper/HR/financial advisor. She really knows her stuff and is super professional.http://www.linkedin.com/in/stephaniebanister / [removed to protect privacy]
Cynthia Schames
0
0
Cynthia Schames Entrepreneur
Founder & CEO, AbbeyPost
Celu, Might I ask why you chose to form an LLC instead of a C corp? Are you planning to raise a round at some point? Just curious. As for your main question, what state are you located in? Laws & taxation varies widely so it's pertinent. Thanks! Cynthia Founder, AbbeyPost
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?