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Why OpenAI is trying to untangle its 'bespoke' corporate structure

Engadget

On the Friday after Christmas, OpenAI published a blog post titled "Why OpenAI's structure must evolve to advance our mission." In 2013 , Delaware enacted its own version of the law. Delaware is also the state where OpenAI plans to reincorporate its for-profit as a PBC. Why is OpenAI pursuing a PBC structure?

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Dear Sophie: How do I successfully expand my company to the US?

TechCrunch

LLC versus Delaware C-corp. One of the first decisions you’ll need to make is how to structure your company in the U.S. What I typically see in the startup ecosystem are that most VCs prefer investing in a C corporation created in Delaware (Delaware C-corp). visa or green card. There is no U.S. based company.

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How to start a company in 4 days

TechCrunch

My company, Pulley, has helped more than a thousand founders build their cap table and equity structure. startups incorporate as Delaware C Corporations with 10 million authorized shares. Here’s a tactical guide to get your startup running in just four days. Day 1: Incorporate. In the U.S.,

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Dear Sophie: How can I launch a startup while on OPT?

TechCrunch

and find investors here, then talk to a corporate attorney to determine how to structure the company. investors want to deal with Delaware C corporations. Even though you incorporate in the state of Delaware, your startup can be based in Silicon Valley or anywhere in the U.S. In general, U.S.

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Advanced tax strategies for startup founders

TechCrunch

State tax can be avoided if the trust is structured properly and set up in a tax-exempt state like Delaware or Nevada. Notably, California does not conform, but California residents can still capture the state tax savings if their trust is structured properly and in a state like Delaware or Nevada.

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Ask Sophie: How do we transfer H-1Bs and green cards to our startup?

TechCrunch

investors who invest in my international founder clients tend to be interested in whether the startups have an innovative idea with some initial traction, a strong founding team and are structured as a Delaware C-corporation. Based on my experience, the majority of U.S.

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Raise, a startup building Africa’s Carta, gets backing from 500 Startups

TechCrunch

They spent money managing corporate structures for holding companies in Delaware, Canada, and Europe but maintained paper-based subsidiaries across Africa. After running several iterations, they found out that most companies still struggled with the concept of equity and liquidity.

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