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Pg, Our 4-month-old startup is incorporated in California. I've heard that most Y Combinator startups are incorporated in Delaware. Is it necessary to reincorpo
by akshxy 13y ago
Pg, Our 4-month-old startup is incorporated in California.
I've heard that most Y Combinator startups are incorporated in Delaware. Is it necessary to reincorporate in
Delaware if selected for the W2014 program? Thanks!
- redtexture 13y agoVarious VCs have indicated in multiple blogs that the state of incorporation is not significant. Having an out of state incorporation is a pain in the neck, and expensive, especially for people without much money. Don't bother. If the time arrives where Delaware incorporation becomes important, it is easy enough to merge into a new Delaware corporation at that time. The main VC advice, and YCombinator advice is that the LLC -- Limited Liability Companies -- are not a suitable vehicle for VC investment.
- akshxy 13y agoUnderstood!