TVentures,
This information is extremely helpful, and I sincerely appreciate it. I feel like I've learned more about this stuff in the last week, and than I have in months of obsessively digging through information on offshore incorporation websites and wikipedia.
I thought your solution for UCC-1 debt was clever. I'm curious though: Is there a good number that makes sense for a UCC-1 filing? Do we want it to be a high number? Or does a lower number make more sense?
My originating destination is going to be Kansas City area, but that could change if the right opportunities present themselves. It probably won't, but it could, if I can get a deal on distressed corporate assets or useful IP that brings me to market faster.
Kansas City makes a lot of sense to me. There's a lot of talent, both experienced and fresh out of school. Market rates for labor are reasonable. Incorporation of the operating company would probably happen on the Kansas side (rather than the Missouri side) because of the upcoming changes in state laws regarding business taxation in January. Brownbeck seems to have lost his mind, but I'm not going to question it. No state taxes on operating is the best deal in the midwest.
Yes. I have a household. Three people in it. My wife, my daughter, and me.
Tentatively, I was planning on the income from the startup to be my main source of income. I think I can ballpark how much the company will bring in on the low end and what the operating costs would be, based on what I've seen companies with similar business models and products do over the last few years, if it helps.
I've entertained the idea of buying the office building the operating company would reside in, and rent out the surplus space for a secondary income. Office buildings in KC are still relatively affordable, and it wouldn't stress my larger budget as much I would have thought before looking into it. My feeling was that it would make sense with the kind of structures we're talking about creating; and it would also be useful in a possible worst case scenario, where money is tight, and contingency time is needed. I haven't made any formal plans to buy office space, though.
For renewal fees, I was hoping that the whole thing could be done for less than $9,000 a year, including three US trademarks. I don't have a lot of experience in this area, but it seems to me that having good legal council is critical. Does that sound low end? Does it make sense to shoot higher? Only problem is that I'm funding this whole thing from savings initially (next few months), and initial expenses are going to be challenging.
Thanks again.