Amit MehtaEntrepreneur, Franchisor, Tech Architect

Founder of the TechVoo franchise. Worked in Silicon Valley in various facets of technology and managed large web applications. Computer Engineer from the university of Illinois at Urbana-Champaign, as well as a graduate of Goldman Sachs 10,000 Small Businesses. Interested in advising technology startups.

Recent Answers

Unless you have a need to show a substantial equity, usually starting the corporation (assuming that's the type of entity you want) with $1,000 is ok. Then the remainder ($49k in this case) is entered as a loan. That way, once you have the cash back in the business account, you're not worried about taxes and can be repaid the loan directly.

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