{"id":2186,"date":"2014-04-25T03:01:04","date_gmt":"2014-04-25T07:01:04","guid":{"rendered":"https:\/\/www.duck9.com\/?p=2186"},"modified":"2014-09-29T01:13:38","modified_gmt":"2014-09-29T05:13:38","slug":"what-no-one-in-silicon-valley-thinks","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/what-no-one-in-silicon-valley-thinks\/","title":{"rendered":"What No One in Silicon Valley Thinks, But You Should?"},"content":{"rendered":"<div>\n<div><span style=\"-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469);\">By Larry Chiang\u00a0<\/span><\/div>\n<div><span style=\"-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469);\">\u00a0<\/span><\/div>\n<div><span style=\"-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469);\">I listen and read and curate entrepreneurship advice. In my 10,000 articles, I have never heard: &#8220;Do proprietorships.&#8221; It is not an exaggeration when I say &#8216;never&#8217;.<br \/>\n<\/span><\/div>\n<div><span style=\"-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469);\">\u00a0<\/span><\/div>\n<div><span style=\"-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469);\">I advocate them. I, Larry Chiang, like this legal vehicle. For students, I like the concept of a proprietorship. For practitioners of entrepreneurship, I think a proprietorship is a great way to practice. Doing a legal entity where a Silicon Valley law firm inks papers of incorporation = barrier to your practicing.<br \/>\n<\/span><\/div>\n<div>\n<p>&nbsp;<\/p>\n<table style=\"-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); border: 1px solid black; padding: 8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" style=\"width: 48px; height: 48px; padding-right: 8px;\" src=\"https:\/\/pbs.twimg.com\/profile_images\/3411684931\/bd26194fa93733b624ec22966dbdb9d9_normal.jpeg\" alt=\"\" \/><\/td>\n<td><b>Larry Chiang (<a href=\"https:\/\/twitter.com\/larrychiang\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/larrychiang\/status\/459457505878224896\">4\/24\/14, 3:23 PM<\/a><\/div>\n<div>I think proprietorship are adequate legal vehicles for student businesses that take in ~$25-30k this summer\u00a0<a href=\"https:\/\/search.twitter.com\/search?q=#csMajorCRO\">#csMajorCRO<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><br style=\"-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469);\" \/><span style=\"-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469);\">Download this IRS form 1040<\/span><\/p>\n<\/div>\n<div><span style=\"-webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469);\">&#8220;Schedule C&#8221;<\/span><\/div>\n<div><span style=\"-webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469);\"><br \/>\n<\/span><\/p>\n<table style=\"border: 1px solid black; padding: 8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" style=\"width: 48px; height: 48px; padding-right: 8px;\" src=\"https:\/\/pbs.twimg.com\/profile_images\/3411684931\/bd26194fa93733b624ec22966dbdb9d9_normal.jpeg\" alt=\"\" \/><\/td>\n<td><b>Larry Chiang (<a href=\"https:\/\/twitter.com\/larrychiang\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/larrychiang\/status\/459460237830135808\">4\/24\/14, 3:33 PM<\/a><\/div>\n<div>For when you hit 15 grand w\/your <a href=\"https:\/\/search.twitter.com\/search?q=#LCMCC\">#LCMCC<\/a> in <a href=\"https:\/\/search.twitter.com\/search?q=#ENGR145\">#ENGR145<\/a>,&#8230; <a href=\"https:\/\/t.co\/dTC1Msy2Q7\">irs.gov\/pub\/irs-pdf\/f1\u2026<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Doing a proprietorship helps you practice and execute a baby business. I call them &#8220;ENGR145, Lemonade and Gua Gua Guacamole&#8230;<\/p>\n<\/div>\n<div>\n<div><\/div>\n<div><a href=\"https:\/\/www.youtube.com\/watch?v=eudADPfTWiE&amp;feature=youtube_gdata_player\"><embed src=\"https:\/\/www.youtube.com\/v\/eudADPfTWiE&amp;hl=en&amp;fs=1\" type=\"application\/x-shockwave-flash\" width=\"425\" height=\"344\"><\/embed><\/a><\/div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Larry Chiang\u00a0 \u00a0 I listen and read and curate entrepreneurship advice. In my 10,000 articles, I have never heard: &#8220;Do proprietorships.&#8221; It is not an exaggeration when I say &#8216;never&#8217;. \u00a0 I advocate them. I, Larry Chiang, like this legal vehicle. For students, I like the concept of a proprietorship. For practitioners of entrepreneurship, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-2186","post","type-post","status-publish","format-standard","hentry","category-entrepreneurship"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/2186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=2186"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/2186\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=2186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=2186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=2186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}