I have a brand new startup with 1 employee. I need to sign a contract that requires me to have General Liability Insurance. Any idea where I can get general liability insurance? I’ve been having trouble finding places to cover the company, but I suspect I’m looking in the wrong place.
I have a delaware series LLC that was set up as an asset holding company which has been in existence for 10+ years. The assets in the LLC have currently been drawn down purposely and are zero. Apart from the length of time the LLC has been in existence, there is no other real value to the LLC. I'm aware of the LLC vs C-corp debate with startups and from what I remember the latter is preferred over a LLC.
I don’t have any immediate business or holding plans for the LLC and it costs me about $ 500 a year to maintain. I don’t live in Delaware and would need to foreign file with my state if I were to use it for anything other than investment holdings.
Is there any benefit to keeping it open from the # of years in existence? As in, would it improve my business’ creditworthiness or trust in the future if I were to do something with it? Would someone look at it and say "you haven't done anything with it for 10+ years, what's the deal?" in which case I should just let it go and spin up a new one if I need it in a few years? Any opinions?
Hello r/startups community, I hope you all are doing safe and successful in these times. I'm here at a difficult stop on my end, I have a startup I've been working on so far it seems promising. I've done market research and shows there is a demand for what I am offering but the issue is not that but legalities around the idea itself. I want to be able to make sure my idea feasible without breaking any laws. I looked into as much as I can to the laws that my idea would potentially break but cant seem to find the answers I'm looking for. For example: zoning issues, copyrights, noise complaints and etc. I talked to a lawyer to help me out to make sure my startup won't be breaking any laws but it would cost me $ 750-$ 1000 at most. The issue is that I'd be willing to put money in this but I dont want to be spending $ 1000 just get a no and it's not possible for it to happen and have wasted that much for nothing. Does anyone know a cheaper alternatives to find if my idea is legally feasible without spending that much? Preferably a way to do it myself If possible. Thanks in advance for all your help.