Quote: (04-04-2012 08:06 PM)Clyde Rules Wrote:
It depends if your in New York state and then say you live in NYC its usually a $1000 charge to publish you business existence (whatever lobbyist came up with this idea was an evil genius). However the application for authority in NY is just $225 added to the fee for the creation of the LLC of about 300 dollars in Delaware and your looking at paying $525 compared to about $1300 - 1500. A S corp would cost less however then you have to make sure to perform all the tedious duties that go along with the running an S Corp.
Yup. Terrible law for small biz. Unfortunately, to do business in NY, even if you form in Delaware, you still have to pay the ~$200 NY filing fee + the publication requirements. So, in the end it’d be even more expensive than just filing in NYC.
Quote: (04-05-2012 02:07 PM)highandtight Wrote:
Yeah dude, there's of course a little more to it than what I said above, but I'm not going to share all of my secrets with you a$$ho!e$ : )
Looks like you're getting pretty good advice in this thread, so I won't say too much more about the LLC formation. On the patent front: you should just file in your name. You have to list an inventor (which I assume is you). You can later on assign the patent to your LLC, once you form that entity. It's fairly easy to do. You should also eventually record your assignment with the USPTO, but these are all things you can do later on, down the line.
I will say, thought, that you should get your patent application filed as soon as possible. This is big business these days; you may find your idea preempted in pretty short order unless you move fast. Also keep in mind that it can take about three years to receive your issued patent, but as long as you have a filed application you should feel confident entering into discussions with potential buyers (you'd be able to sue them for infringement (once your patent actually issues) if they try to steal your idea).
I see. Well played man.
Actually, I’m hiring a free lancer to make the designs for my product. Hoping I can use Work for Hire to keep file a patent in my name.