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Let's dive in!
Setting up a company used to cost $15,000+ in legal fees.
Now, you can do it for under $500.
When I started Saucey, I had to convince a startup attorney to defer $20k of legal expenses for what you can do today for $500 + get much more.
The fact is...
95% of people will never start a business because they get stuck on these three steps below:
- Entity formation: choosing the right type of structure.
- Back office set-up: banking, payroll, bookkeeping, invoicing.
- Legal & contracts: all the agreements you need to operate.
I've met dozens of executives (even 7-figure execs) who have wanted to start a business but get stuck saying things like:
"I don't know what type of entity I should form or how to set it up."
"I don't know how to set up payroll, benefits, or incentive plans."
"I don't know what legal docs & contracts I'll need to run a company."
Today, we're solving that. No more excuses.
Below are the tools I use and recommend:
Startups looking to raise capital and issue stock
Type: Delaware C-corp
Tool: AngelList ($500 one-time fee)
Everything you need to set up, run, and operate a venture-backed company. With this tool, you have everything you need to structure a company that could raise $100M in capital and exit for $1B.
- Delaware C-corp entity formation
- State filing fees
- IRS Employer Identification Number (EIN tax ID)
- Founder stock issuance, custom equity pool, and 83(b) filings
- Legal templates for everything
- Founder discounts
- 1 free year of Delaware registered agent
- Stock agreements
- Cap table management
- Banking setup
Bootstrapped businesses and partnerships
Type: Wyoming LLC
Tool: FirstBase.io ($399 one-time fee)
Wyoming LLCs are among the simplest to manage, with minimal fees, and can provide complete anonymity to owners, directors, and officers.
I've used FirstBase to set up a fully operational LLC within a week, including banking, payroll, all state filings, a mailbox and registered agent. By week two, I was already signing and invoicing customers.
- Wyoming LLC entity formation
- State filings
- Expedited Tax ID (EIN) setup
- Banking setup
- All essential legal documents and templates
- More than $350K in deals and rewards
OPTIONAL add-ons:
- Registered Agent
- Bookkeeping & accounting
- Tax filings
Solopreneurs, consultants, creators, 1-owner businesses
Type: LLC w/ S-corp Election
Tool: Collective ($349/mo)
If you're a 1-person business, having an S-Corp or LLC with S-corp election can save you a ton on taxes. Collective handles all this for you.
- LLC formation
- S Corp election
- Tax identification number (EIN)
- Operating Agreement
- Registered Agent
- Tax filings
- Payroll
- Invoicing & accounting
*Bonus Resources*
Cooley GO: The law firm, Cooley LLP, has taken more Venture-backed technology companies public than any other firm. They are also masters at templating legal documents that are viewed as the market standard. Cooley Go is their free resource for companies to reference and customize legal docs for pretty much anything you could imagine.
Mercury Banking: Hands down the best banking partner for startups and new businesses.
Deel: All-in-one solution for hiring global employees, including local entity management and legal compliance.
Athena: Elite virtual assistants that are trained to use best-in-class AI. Delegate your work and personal life to maximize your output.
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