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Concept Stage:
Don't
get into trouble before you start. |
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| Concept stage
offers you the opportunity to make a number of mistakes very early on. To keep this
from happening to you, there's a good path to follow, complete with milestones, your business
plan
and some things to watch for. For example, when it comes to your business structure, investors like subchapter
S or C corporations, not limited partnerships. You want the right capital structure so it fits into the
norm of what your investors prefer. When you're ready for financing, be realistic about stock ownership
and what it will cost you to raise money. |
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