Forums: Discussions for entrepreneurs and small business.

I`m curious to hear why you chose LLC for your business structure?



Justin


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Hi and congratulation on your venture. And of course, good luck.  I also started a business with about 15 others.  Its Real Estate Developing and Management.  We just finished building a 10 store community strip mall in Santiago Dominican Republic.  We purchased two commercial lots in Florida for the same and encountered a set back, but we will prevail.  We are now planning on going OTC.  Our lawyer is working on it. 

It takes alot of courage to start a business.  Alot of people talk about it, but nothing gets done.  They are afraid of failure.  Good luck again.

Sounds like you have something going here. As a business model or case study, you might want to look at USWeb/CSK, www.usweb.com. They were one of the first of the "one-stop shop" companies for web marketing and online presence establishment. They partnered or merged over 150 small companies into a group that could respond quickly to a client`s needs.

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MD- We started as an LLC because the pro`s outweighed the con`s. It was fairly cheap (it`s a Delaware LLC), it`s easy to run (no board of directors, annual borad meeting, etc. etc.), and most importantly it`s flexible in terms of an option pool. If we need to dish out some equity for whatever reason, it`s very simple and straightforward.

Thanks for all the support from everyone on the board. I`m extremely excited right now, not only about the company launching soon but i just finished with my exams and have 109 days to be 110% focused on the tasks I and my team need to accomplish. In the next few weeks, I`m going to be opening up a thread dedicated to my journey and look forward to sharing my successes and failures with everyone here.


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Please feel free to contact me via PM about anything and I will repsond as soon as I can. Thanks!