Amidst the hectic nature of early-stage startup life, I realized a few months ago that our startup had come to the point where we needed to officially form a company. I did not anticipate how long it would take me to decipher exactly what needed to be done, in what order, and at what cost. I spent the better part of a full week figuring this out. It was a somewhat frustrating experience and the time that I spent on this would have been better spent working on our startup itself. In an effort to help other entrepreneurs avoid the time drain I went through, I created a Standard Operating Procedure document for startup formation and shared it with my fellow entrepreneurs in the Wharton Venture Initiation Program. Below is a summary of the key components in the process:
To read the original article: How To Form A Company | Entrepreneurship Blog
