Startup School by Y Combinator cover image

Startup Legal Mechanics by Carolynn Levy

Startup School by Y Combinator

CHAPTER

How to Ensure Your Company Is a Real Company

You need to keep all the receipts, and you need to document everything carefully. Corporations have to pay taxes. If your start up does have employ m even if it's just the founder's getting minimum wage, you need to pay pay roll taxes. The right timing on when to pull the trigger on incorporating is gun a actually be different for every start up but in general we believe in doing it sooner rather than later.

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