Note that a "company" can exist without registration (which I took to mean incorporation or the creation of some other legal entity). A sole proprietorship, where the "idea guy" personally owns everything, is one such type of company. Partnerships can be another.
In short, I probably shouldn't have asked what company. Or, I should have been more paranoid and asked if there's actually a legal entity and it's just not writing any contracts with the help.
Comments
Right. The point is whether someone would register the company only after revenue starts pumping in, which looks odd to me now.
Note that a "company" can exist without registration (which I took to mean incorporation or the creation of some other legal entity). A sole proprietorship, where the "idea guy" personally owns everything, is one such type of company. Partnerships can be another.
In short, I probably shouldn't have asked what company. Or, I should have been more paranoid and asked if there's actually a legal entity and it's just not writing any contracts with the help.