I`m new here. This looks a very active, informative forum.
I have an idea for an business I want to start in the entertainment industry. I have done quite a bit of research and have a good amount of experience in the field and I am very, very confident the business would be extremely successful if done right. I see this as a very exciting opportunity with tremendous potential.
I have been mentally working the idea for several years now. I`ve pretty much figured out ways to solve all the logistics, but in order to get started--like millions of other startups--I need to find funding. My question is this: Would it be possible for me to start a corporation and sell private stock? I`m sure it is, of course, but I have these questions:
- Once I incorporate, my corporation has stock. Can I start selling it to investors immediately? Or are there a bunch of legal hurdles to clear first? The corporation will be private, not public.
- What all is involved in doing this?
- Has anyone done this before? If yes, do you have any advice to offer?
Thanks very much in advance.