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First Steps, From Idea to Business

By Andrew W (5 points), April 26, 2007 —  0 Comments

I’m a programmer and have an Idea.
I have a working demo.
Its going to make money.
I have the funds to cover hardware, bandwidth, software development cost, ect..

I am currently doing most of the development myself, using Odesk hires, and hiring friends for contract work, with no written contracts.

Questions:
Do I need to setup a corporation?
What do I do about Taxes?
Once the business is turning profit, How do I set it up to sell?
What paper work do I need to keep track of?
Is there such a thing as a part time business account, lawyer? Who else would I need?
What steps do I need to take before I get my first full time employee?

What Questions am I missing, and what are the answers to them.

Andrew W About Andrew W
I'm 25, Male, Aries, I'm an INTJ personality type. -- Some of my hobbies include watching DVD's, Programming, Texas Holdem Poker, D&D and MTG. -- I'm engaged to my girlfriend of 1 year. -- I'm very Ambitious and feel its allot easier to make a few million then it was when my dad was my age. -- My main goal in life is to free my future children from the rat race of money.

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