[Hidden-tech] DBA, LLC, or Sub S?

[Will Loving]

One cautionary piece of advice that we were given along the way to
incorporating. Massachusetts has in recent years significantly revised it's
incorporation laws to make them more attractive and more in line with
Delaware corporations. However, we were advised by Ropes & Gray (a large,
national law firm) that if we we're ever to seek venture capital, virtually
all venture capital investors and investment firms are setup for and expect
to work with Delaware corporations. Being a Massachusetts corporation might
create an  unnecessary roadblock to investment whereas with a Delaware corp,
you know you are safe.

With regard to DBA vs LLC or incorporation, it is my understanding (I'm not
a lawyer) that you do have greater protection. I would recommend getting the
advice of a qualified Intellectual Property lawyer. The three in the area
that were frequently recommended to use when we were seeking a lawyer were:

Nicolai Law Group in Springfield (Paul Nicolai)
Jonathan Kane of Fierst, Pucci & Kinder in Northampton
Lucy Praksher of Cain Hibbard Myers & Cooke in Pittsfield

If you don't mind paying big money for top notch legal advice, Ropes & Gray
in Boston can deliver goods.

Will

Will Loving, President
Dedication Technologies, Inc.



on 7/22/05 12:00 AM, Charlie Heath at chasheath at comcast.net wrote:

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> Looking into incorporating in Mass, it appears that LLC is more costly than
> Sub S because of a bigger state fee assessed annually.  Can anyone who has
> gone through these hoops comment on advantages of either LLC or Sub S for a
> Mass business?
> 
> What threshold would you pick for switching from DBA to INC?  I'm
> considering switching from doing small software contracts on my own to
> taking on a somewhat bigger contract and subcontracting part of the work
> out.  Will INC really protect me a lot more than DBA for this purpose?
> 
> Thanks .
> 
> Charlie Heath
> dba Blue Herring
> 
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