Must an online startup incoporate before incurring in any expenses?

  • Thread starter Thread starter Will J.
  • Start date Start date
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Will J.

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We want to start up an online company; we plan to recruit programmers now and launch it on October:

- Is it necessary to incorporate (let's say as a Delaware LLC) before we incur in any expenses? meaning, can we later claim those expenses as necessary setup expenses and deduct them?

- Upon setup of an LLC, how long does it usually take to start the activity? paperwork, red tape, local licenses, etc...

your help will be highly appreciated!
 
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