Forum → Business Formation

Business Formation

I publish illustrative scenarios prepared by my practice. The participants and conversations are fictional. These are not posts by real users, accounts of client experiences or reports of actual results.

LLC formation, incorporation, registered agents, operating agreements, and entity structure.

310 threads

Delaware Incorporation — converting LLC to C-Corp for funding

by newbie_business_owner_IL · Feb 18

19 replies

Nonprofit Formation — member expelled from LLC

by confused_contractor_CO · Feb 16

5 replies

Confused about QSBS eligibility - do I need C-corp from day one?

by StartupSam · Feb 13

15 replies

Co-Founder Equity Split — angel investor wants board seat

by TechStartup_Founder · Feb 12

13 replies

Single Member LLC in Georgia — foreign LLC registration requirements

by need_help_buyer_2022 · Feb 11

12 replies

Equity Crowdfunding — equity crowdfunding portal comparison

by need_help_student_2022 · Feb 05

18 replies

Registered Agent Issue — annual report filing missed

by confused_business_owner_WA · Feb 03

1 replies

Revenue-Based Financing vs. Equity — Which Is Better for a $2M ARR SaaS?

by saas_founder_2m_arr · Feb 02

9 replies

LLC Operating Agreement — changing registered agent

by seeking_advice_driver_NC · Jan 30

24 replies

Professional Corporation in Florida — series LLC across state lines

by first_time_seller_GA · Jan 29

25 replies

Converting LLC to C-corp for fundraising — timing and costs?

by ConvertCurious · Jan 23

9 replies

LLC vs Corporation — piercing the corporate veil concern

by ConsumerAdvocate · Jan 22

1 replies

Dissolving a Corporation — single-member LLC asset protection

by worried_homeowner_today · Jan 16

3 replies

Foreign Qualification in Multiple States — S-Corp election deadline missed

by desperate_business_owner_GA · Jan 16

13 replies

Venmo sent me a 1099-K for $8,000 - half of it is roommate rent payments. How do I handle this?

by TaxConfused_2025 · Jan 15

8 replies

Nonprofit Formation — single-member LLC asset protection

by confused_investor_2022 · Jan 15

10 replies

Single Member LLC in Maryland — S-Corp election deadline missed

by throwaway_tenant_today · Jan 13

19 replies

Foreign Qualification in Multiple States — annual report filing missed

by need_help_student_advice · Jan 12

22 replies

Term Sheet Review — equity crowdfunding portal comparison

by throwaway_employee_NY · Jan 11

18 replies

S-Corp Election Question — changing registered agent

by worried_driver_NC · Jan 06

23 replies

Foreign Qualification in Multiple States — member expelled from LLC

by first_time_buyer_GA · Jan 05

5 replies

SAFE Note Question — bootstrapped to funded transition

by frustrated_renter_advice · Jan 02

3 replies

Single Member LLC in Illinois — piercing the corporate veil concern

by newbie_employee_2023 · Dec 23

19 replies

Equity Crowdfunding — SAFE vs convertible note comparison

by desperate_worker_2024 · Dec 22

2 replies

LLC Operating Agreement — foreign LLC registration requirements

by asking_for_friend_parent_legal · Dec 19

8 replies

Raising a Down Round — Previous Investors Invoking Anti-Dilution

by down_round_antidilution · Dec 14

6 replies

LLC Operating Agreement — converting LLC to C-Corp for funding

by OpenSourceLawyer_Dan · Dec 11

3 replies

Cap Table Question — Reg D 506(b) compliance question

by throwaway_employee_WA · Dec 09

22 replies

Sued Personally Despite Having an LLC — They Say I Pierced the Veil

by veil_pierced_sued · Dec 05

8 replies

Foreign Qualification in Multiple States — Delaware vs home state incorporation

by OpenSourceLawyer_Dan · Dec 01

15 replies

Reg D / Private Placement — angel investor wants board seat

by just_curious_driver_NY · Nov 29

24 replies

Reg D 506(b) vs 506(c) — Can I Advertise My Fundraise?

by reg_d_which_exemption · Nov 26

6 replies

Joined Startup for 1% Equity — Now Told I Owe $30K in Taxes on It

by equity_tax_shock_employee · Nov 21

10 replies

Series LLC for 8 Rental Properties — Does This Actually Protect Me?

by series_LLC_rentals · Nov 11

7 replies

Cap Table Question — Reg D 506(b) compliance question

by throwaway_student_today · Nov 10

4 replies

Reg D / Private Placement — option pool shuffle diluting founders

by asking_for_friend_business_owner_WA · Nov 07

24 replies

Delaware Incorporation — annual report filing missed

by asking_for_friend_buyer_OH · Nov 05

22 replies

Cofounder Left After 6 Months — Standard Vesting Didn’t Kick In?

by cofounder_vesting_dispute · Nov 03

7 replies

Nonprofit Formation — foreign LLC registration requirements

by seeking_advice_contractor_IL · Oct 31

13 replies

Co-Founder Equity Split — co-founder leaving before cliff

by throwaway_tenant_NY · Oct 29

2 replies

Forgot to Dissolve Old LLC — State Charging $800/Year in Penalties

by dormant_LLC_penalties · Oct 28

9 replies

LLC vs Corporation — series LLC across state lines

by TruckerRights_OH · Oct 28

2 replies

LLC vs Corporation — converting LLC to C-Corp for funding

by seeking_advice_trader_FL · Oct 24

4 replies

Reg CF Crowdfunding Limit in 2025 — How Much Can I Raise?

by reg_cf_limit_question · Oct 23

9 replies

LLC vs Corporation — professional corporation licensing issue

by asking_for_friend_contractor_NC · Oct 19

17 replies

Single Member LLC — Do I Actually Need an Operating Agreement?

by solo_LLC_OA_needed · Oct 12

9 replies

Nonprofit Formation — piercing the corporate veil concern

by confused_tenant_MA · Oct 07

2 replies

S-Corp Election Question — changing registered agent

by LandlordTom_TX · Oct 07

4 replies

Convertible Notes Maturing But We Haven’t Raised Series A Yet

by CN_maturity_no_A · Sep 29

10 replies

Co-Founder Equity Split — convertible note maturity extension

by desperate_contractor_legal · Sep 19

3 replies

Registered Agent Issue — nonprofit 501c3 application denied

by throwaway_trader_legal · Sep 14

19 replies

Do I Need a Professional Corporation for My Consulting Practice in CA?

by CA_prof_corp_consult · Sep 10

6 replies

Professional Corporation in New York — foreign LLC registration requirements

by just_curious_student_2023 · Sep 09

15 replies

LLC Operating Agreement — S-Corp election deadline missed

by seeking_advice_dev_2026 · Sep 08

2 replies

Registered Agent Issue — forming LLC for freelance business

by asking_for_friend_creator_NC · Sep 06

22 replies

Convertible Note Issue — Reg D 506(b) compliance question

by asking_for_friend_homeowner_CO · Sep 04

1 replies

Single Member LLC in Georgia — annual report filing missed

by confused_renter_CO · Sep 03

15 replies

Professional Corporation in Nevada — changing registered agent

by seeking_advice_business_owner_IL · Sep 01

9 replies

Delaware Incorporation — S-Corp election deadline missed

by just_curious_freelancer_MA · Aug 27

15 replies

Got hit with $2,800 in estimated tax penalties - first year making decent money freelancing

by FreelanceDesigner_Mia · Aug 26

15 replies

Equity Crowdfunding — YC SAFE note terms review

by anon_trader_CO · Aug 22

12 replies

Co-Founder Equity Split — VC demanding 2x liquidation preference

by first_time_contractor_MA · Mar 18

4 replies

Convertible Note Issue — co-founder leaving before cliff

by InsuranceGuy_FL · Aug 20

18 replies

Registered Agent Issue — foreign LLC registration requirements

by asking_for_friend_buyer_GA · Aug 18

21 replies

Equity Crowdfunding — convertible note maturity extension

by LandlordTom_TX · Aug 15

24 replies

Cap Table Question — option pool shuffle diluting founders

by asking_for_friend_employee_TX · Aug 04

9 replies

Co-Founder Equity Split — co-founder leaving before cliff

by first_time_employee_2023 · Jul 31

4 replies

S-Corp Election Question — annual report filing missed

by desperate_parent_2023 · Jul 31

3 replies

Convertible Note Issue — convertible note maturity extension

by throwaway_investor_NY · Jul 24

1 replies

Revenue-Based Financing Taking 25% of Revenue — Can’t Grow

by RBF_revenue_trap · Jul 24

9 replies

SAFE Note Question — VC demanding 2x liquidation preference

by desperate_worker_TX · Jul 24

1 replies

SAFE Note Question — bootstrapped to funded transition

by frustrated_homeowner_TX · Jul 18

21 replies

Co-Founder Equity Split — bootstrapped to funded transition

by newbie_freelancer_advice · Jul 16

9 replies

Equity Crowdfunding — Series A term sheet review

by frustrated_buyer_CO · Jul 15

21 replies

Reg D / Private Placement — SAFE vs convertible note comparison

by first_time_business_owner_TX · Jul 11

2 replies

Term Sheet Review — convertible note maturity extension

by help_me_renter_GA · Jul 06

4 replies

Single Member LLC in Tennessee — piercing the corporate veil concern

by worried_trader_TX · Jul 05

20 replies

Convertible Note Issue — Reg D 506(b) compliance question

by confused_business_owner_NY · Jul 01

3 replies

Convertible Note Issue — convertible note maturity extension

by help_me_freelancer_2023 · Jun 30

12 replies

LLC vs Corporation — changing registered agent

by OpenSourceLawyer_Dan · Jun 30

19 replies

Equity Crowdfunding — Reg D 506(b) compliance question

by eComm_Seller_2022 · Jun 28

11 replies

Series A term sheet - is 25% dilution normal or am I getting screwed?

by FirstTimeFounder_Jake · Jun 25

10 replies

Delaware vs Wyoming for tech startup in 2024 — is Wyoming actually better now?

by StartupLisa · Jun 20

18 replies

LLC vs Corporation — series LLC across state lines

by help_me_trader_help · Jun 19

5 replies

Is Stripe Atlas worth $500 for incorporating a startup?

by FirstTimeFounder · Jun 19

16 replies

VC Deal Negotiation — YC SAFE note terms review

by just_curious_dev_WA · Jun 19

3 replies

Dissolving a LLC — annual report filing missed

by seeking_advice_freelancer_TX · Jun 16

20 replies

LLC vs Corporation — series LLC across state lines

by first_time_freelancer_2023 · Jun 03

10 replies

LLC Operating Agreement — piercing the corporate veil concern

by GigWorker_LA · May 30

8 replies

Single Member LLC in Maryland — dissolving inactive LLC to avoid fees

by help_me_freelancer_OH · May 20

22 replies

Equity Crowdfunding — 409A valuation for option grants

by first_time_homeowner_question · May 15

9 replies

SAFE Note Question — option pool shuffle diluting founders

by anon_renter_2023 · May 15

9 replies

S-Corp Election Question — member expelled from LLC

by confused_renter_GA · May 13

20 replies

Cap Table Question — YC SAFE note terms review

by CorpCounsel_Amy · May 09

3 replies

Professional Corporation in California — S-Corp election deadline missed

by worried_creator_CO · May 06

11 replies

Professional Corporation in New York — annual report filing missed

by SmallBizOwner_NYC · May 06

4 replies

Term Sheet Review — YC SAFE note terms review

by EstatePlanner_AZ · May 05

12 replies

Single Member LLC in Illinois — annual report filing missed

by eComm_Seller_2022 · May 04

22 replies

Registered Agent Issue — piercing the corporate veil concern

by newbie_renter_WA · May 03

4 replies

SAFE vs convertible note for seed round - which should we use?

by FounderAlex · Apr 23

10 replies

Business Formation

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