The TL;DR (“too long, didn’t read”) version: Corporations and LLCs are the best choice for almost all new businesses, and Startomatic can get yours formed with no guesswork and no headaches.
Most founders have some idea of the variety of legal forms that they have to choose from when creating their new company. Who hasn’t heard of a corporation or a limited liability company (LLC)?
Only slightly less recognizable are entities like general partnerships (GPs), limited partnerships (LP’s) , sole proprietorships, and non-profit corporations.
And what about those more “exotic” choices — professional corporations (PCs), professional limited liability companies (PLLCs), and even limited liability limited partnerships (LLLPs) (holy cow)?? …
Entrepreneurship, while always a cornerstone of the U.S. economy, is emerging as the dominant force for growth amid global economic and technological trends which are changing the very nature of work.
This manifesto describes some of the empirical observations and resulting ideas, developed by Robbie and Andrew over years of watching, advising, and building many companies. These tenents guide how Startomatic is built.
Entrepreneurship suffers from a number of widely held misconceptions, chief among them that it is an extremely risky pursuit, suitable only for either those with nothing to lose or those with the means to survive a complete failure. …
Startomatic, a software-as-a-service company, launched in what might euphemistically be called an “eventful” time — the first week of June, 2020.
It would be understandable if you were to ask, why? Why launch a software business in the middle of a global pandemic and the largest social unrest the U.S. has seen in fifty years?
Do we think Startomatic can right all of the wrongs of the world?
Do we think Startomatic can spark a real change in the lives of people challenged — or devastated — by systemic racism and the COVID-19 pandemic?
Here’s how we get there:
1. Entrepreneurship is not a level playing field, and never has been. African Americans and other racial minorities in the U.S. have long been at a disadvantage when it comes to starting a business. Though minorities make up 32 percent of our population, minority business ownership represents only 18 percent of the population. There is a significant disparity when it comes to access to capital, contracting opportunities and other entrepreneurial development opportunities for minority-owned firms. …