jsiarto

I installed and applied for the dongle yesterday. It's pretty quick and painless--the credit check is a little much, but if it keeps the quality high I'm ok with that. Plus, this service is just too damn cool to pass up.

We run into the same issues here in Chicago. Rent is so high that having a co-working space is just as expensive as leasing your own office--the ones that are cheap aren't much better than working from a home office.

I really think these spaces need to be non-profit and supported by the workers that use it. If you insert a for-profit entity, it just doesn't work...

It looks like they are cherry-picking HTML5 features that IE supports, but Mozilla/WebKit don't. But I don't see much of the important stuff like tag support, web workers, geo-location, databases... MS is pretty much full of shit.

You can also get similar results with some of the Zen Coding plugins for Textmate: http://code.google.com/p/zen-coding/

It might cover you financially--to an extent. But they'd still be suing you, personally and not your company. As an owner/partner in a corp or LLC you have full legal separation from your company (so long as you are running it legally) and can't personally be held liable.

But a $40,000 mistake? I can't wrap my head around that number. With a little forethought and a few days research you could have been ready with those kinds of questions before meeting with a lawyer or an accountant. Especially when your intention was to seek funding.

This is the cost of starting up a business. It's not a Wordpress Blog--it's a business and it's gonna cost money. If you can't stomach $1000/year in filing fees you either need to find a business that will earn some revenue in the first year or move on to greener pastures.

I don't agree with this. It is vital to have legal separation between your company and yourself--whether that be in the form of an S/C Corp or a Limited Liability Company. I just incorporated in Illinois and it cost me about $400 through LegalZoom. They took care of everything and all the rest was handled through my accountant for another $200. That amount is trivial given the structure and protection I now have with an S Corp.

As far as the stock option package--they messed up and shouldn't have formed an S Corp. S (Small Business) Corps are pass-though just like LLC's--the shareholders pay personal taxes on the profits of the company. They also only allow you to distribute one class of stock, making employee stock options hard to do.

The author's lawyer/accountant should have told them that, but I still can't see how all that came out to a $40K mistake. Word of advice: do your research. As a business owner/CEO, ignorance is not an excuse--do you're homework and ask the right questions.