AgentKate | Profile
I'm an account for 20+ years, I love what I do and helping people has been the key to my success.
You may be able to fund it yourself without money. It may not be the smartest method but is doable. You may have credit cards or can get cards. You may be able to get a business loan, a home equity loan or a loan on stocks, life insurance policies or retirement accounts. Next family and friends. Vendors too may fund you indirectly by providing credit to you. To obtain money from an outside investor is very difficult and may require some funding. You probably will need a lawyer and a well thought out business plan. Then you will have to prepare a private placement memorandum or other documents that may require a CPA or others. You can also try by selling a small quanity of products or similar products to build funds. Sell $200.00 of products for $500.00 then buy $500.00 of products and sell those for $1250. Buy more and sell more and you will have funds you never thought you would have.
Many people believe the best name is one that’s descriptive of the product or service you offer. From a trademark purpose this is inaccurate. The trademark office can deny a name from registration when they believe the name is merely descriptive of the product or service offered. Any name that is confusingly similar to another trademark will likewise be denied registration. Names like google, yahoo, ebay or amazon had no meaning when the products were offered. By marketing your name you will get people to remember the name which has the most value. Pick a name that can translate well. General Motors came out with the Nova which sounded great in English but meant “doesn’t work” in another language. Would you buy a car named “Doesn’t work”? Short, easy to pronounce names that do not infringe on another name is the best way to go
A non-profit is only if you have no intention of making money and want are benevolent. You can have a salary and earn some funds but the purpose of a non-profit is to assist or help others and not for profit. The area is highly regulated and not a good way to have an entity. For software licensing please understand that the State you are conducting business is a factor. CA used to have a tax based upon gross sales so if you had $5 million in sales then you would have to pay $5,000 even if you lost money. If its one person then usually a corporation would be best depending on the State you reside and will conduct business. Most ral estate is in the form of an LLC. .If you want to sell the company a C Corporation is typically the best approach. There is no correct answer but an LLC or S corporation typically is best.
The best answer would be all of the above. If you have an established relationship then you can get someone to buy your product based upon knowing you rather then the specific product. By knowing someone the sale will close faster because you can get right to the transaction. Price is less important when you know the person. Knowing the person makes the chance to get another transaction more likely and the selling process will be shorter. If these are your only options then b and e are too similar to be correct. A would be a concern if the person wants quality goods above all and d would be a concern if price is an issue.
You should know the rent, whether their are other amounts due beyond rent like coffee, conference room, copy, scanning, mailing etc. You should find out the cost of internet and telephone so you understand the total cost. Depending upon the location you probably will be renting a completed office but you may be renting a space that will include a buildout and you should know those costs and time to be ready. Also who pays rent during this time. What is the parking fee? Do you need insurance and what amounts? Ideally speaking to current tenants is a good way to see how the space is managed. Always have the lease reviewed by an attorney if possible. Determine if you will be personally guaranteeing lease performance. If you are subleasing then find out when the underlying lease expires. Review the termination section as well. This is a good start.