Starting a company has always been the
American Dream ... So much so that now the
Federal Government is acknowledging that
America's economy is a "Start-Up" economy.
Structuring your new startup is a delicate topic,
mainly because startups are the product of
friendships and working relationships. Because
"fences make better neighboors", it is important
to establish the ground rules for how the new
company is set up and how participants earn
equity.
If you are preparred to make a go of it, then you
will need to educate yourself about your legal
rights and obligations. The Federal Tax Code
provides for start up financing and how your
contributions to your new company are viewed
from a tax perspective.