incorporation

This means that you cannot set up multiple share classes during company incorporation (e.g.

However, the incorporation would have to pay its employee, and that employee's income would be subject to taxation if the employee is a US citizen.

You will need to have your company documents (Certificate of Incorporation and Memorandum & Articles of Association) apostilled.

The cost of incorporation in Delaware is higher than in many states ($50 in Colorado, for example).

And, yes, I am a lawyer, although most of the incorporation law I practice is nonprofit incorporation in my own state, not for-profit incorporation in Delaware.

Ian Khama is the president of Botswana (this is not to detract from Botswana’s good governance and its incorporation of Western values).

I would also add that Delaware's SoS has taken a very service-oriented approach to incorporation within the state.

Or does incorporation create a shelter (much like most US companies are doing)?

The cheapest setup will still cost you a few hundred dollars per year, but from start to incorporation it will take you at least 2-3 weeks.

What would be appropriate for taking care of incorporation, pre-funding?

You could recreate marriage as a form of incorporation which wouldn't be a bad idea if you think about the cost of growing old and having children.

Their Delaware date of incorporation is actually 7/2010.

Incorporation wont shelter you from income, and as far as I can see most of the legal "sheltering" approaches don't really work unless you're talking quite a bit of money.

That is, taking care of things like incorporation, hosting, even tiny amounts of seed money (a few hundred dollars) so that in this case rather than hitting up family, a 19 year old founder can fail fast anywhere in the world by just building and trying to get traction on our "startup as a service" platform.

> " I absolutely trusted my co-founders and didn't check the incorporation papers but it seems that the incubator (+ the mentors in that incubators) and my co-founders didn't want me as a founder" There is already broken trust at this stage.

While I definitely see your point of the concept being closely related to lenses, a key differentiator to me is the incorporation of invoking a functor with the "read part" of a lens and then submitting the result to the "write part." It's almost like a marriage of Applicative Functor[1] with Lens in a squint-your-eyes-and-tilt-your-head kind of way.