Question
Abby wants to start a startup called Square with Barry. The business is to sell square-shaped oranges because the square shape allows for more efficient
Abby wants to start a startup called "Square" with Barry. The business is to sell square-shaped oranges because the square shape allows for more efficient shipping and stacking. Abby and Barry currently live in California but hope to expand nationwide. Abby currently has one factory in Los Angeles, where she's implemented a revolutionary technique to shape the oranges into squares without damaging the fruit. Abby approaches you, a lawyer, for advice.
- What type of entity would you recommend for Abby? What other facts may you want to know?
- What jurisdiction would you recommend for Abby? What other facts may you want to know?
- What other issues would you raise with Abby? Are there any other important considerations in giving Abby advice??
References: https://www.cscglobal.com/cscglobal/pdfs/15StepsSuccessfulEntityManagementWP.pdf
Choosing a Jurisdiction Comparison Chart: LLCs (DE and CA)
https://www.incnow.com/delaware-series-llc/
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