An LLC isn't really the first step. For an LLC to help at all in limiting liability you have to keep your company finances separate from your personal finances, which you can't do until the business is making money. That said, an LLC is fairly easy to set up and lets you get a business bank account.
Patents are costly and take years to be approved.
The best way to secure IP is to use copyright (as simple as noting it's copyrighted) and if you have a logo, add a "TM" to it. You can register your copyrights and trademarks down the road.
IANAL.
I think step 1 is validating and/or building an idea/MVP and getting customers.
Comments
An LLC isn't really the first step. For an LLC to help at all in limiting liability you have to keep your company finances separate from your personal finances, which you can't do until the business is making money. That said, an LLC is fairly easy to set up and lets you get a business bank account.
Patents are costly and take years to be approved.
The best way to secure IP is to use copyright (as simple as noting it's copyrighted) and if you have a logo, add a "TM" to it. You can register your copyrights and trademarks down the road.
IANAL.
I think step 1 is validating and/or building an idea/MVP and getting customers.
Thanks for the info!