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Frequently Asked Questions (FAQs)

Keystone Consulting Inc. – Business Startup Consulting
Helping founders launch smarter from day one.

What does Keystone Consulting Inc. do?

We help entrepreneurs, startups, and small businesses form, structure, and grow their companies. Our services include:

  • Business formation (LLC, C-Corp, S-Corp setup)

  • Drafting operating agreements and bylaws

  • Strategic planning and growth consulting

  • Market research and business model validation

  • Branding and digital presence setup

  • Equity structuring for founders and partners

  • Referral connections for legal, accounting, and compliance needs

We work with first-time founders and experienced operators alike.

Do I need an LLC or a Corporation?

It depends on your goals.

  • LLC (Limited Liability Company) is great for small businesses, freelancers, and partnerships. It's flexible, simple to manage, and offers personal liability protection.

  • C-Corp (C Corporation) is best for startups planning to raise venture capital or issue equity to multiple shareholders. It’s more formal but opens doors to funding.

We’ll walk you through the pros and cons for your unique situation.

What is an Operating Agreement and why do I need one?

An Operating Agreement is a foundational legal document for LLCs. It outlines ownership, responsibilities, profit-sharing, decision-making, and what happens if someone leaves the business.

Even if you're a single-member LLC, having one:

  • Establishes credibility

  • Helps avoid legal disputes

  • Keeps your liability protection intact

We can draft or review one tailored to your business.

What is equity and how does it work?

Equity represents ownership in a business. If you offer someone equity, you're giving them a share of your company in exchange for something — like services, cash, or expertise.

There are different types:

  • Founder Equity: Ownership shares split among founders at formation.

  • Advisor or Service Equity: Given in exchange for services or consulting.

  • Investor Equity: Issued when someone invests money in your company.

  • Vesting Schedules: Used to distribute equity over time (e.g., 4 years with a 1-year cliff).

We help clients structure equity deals fairly and clearly — especially when trading services for ownership.

Can I trade equity instead of money for consulting?

Yes, in select cases. Keystone Consulting Inc. may accept equity in exchange for services under a clear agreement that defines:

  • The percentage of equity

  • Vesting terms (if any)

  • Roles and expectations

  • Exit or buyback clauses

  • Our independent, non-employee status

We reserve the right to decline any equity-based arrangement based on risk, fit, or strategic alignment.

How long does it take to start a business?

Most basic LLC or C-Corp formations can be completed in 10–20 business days, depending on the state. More complex setups (e.g., with multiple partners, equity splits, or custom agreements) may take longer.

We offer fast-turnaround packages and can help you move quickly while doing it right.

Do you offer flat rates or hourly billing?

We offer both:

  • Flat-fee packages for LLC and C-Corp formation, operating agreements, and basic websites

  • Hourly consulting for strategy, planning, or special projects

  • Equity-based deals in rare cases, by agreement only

Before we begin work, you’ll receive a proposal or engagement agreement outlining everything clearly — no surprises.

What states do you work in?

We help clients nationwide. Our team is based in Wells, Maine, but we work with startups across the U.S. and can assist with filings in any state.

Can you help me write a business plan or pitch deck?

Yes. We provide tailored support for:

  • Business plans

  • Pitch decks for investors

  • Go-to-market strategies

  • Market research and competitor analysis

Whether you’re looking to impress investors or just organize your ideas, we can help.

Is Keystone a law firm or tax advisor?

No. We are a consulting firm — not a law firm or CPA. We do not provide legal or tax advice. We can, however:

  • Help you understand the process

  • Draft business documents

  • Refer you to licensed attorneys and accountants in our network for formal advice

📍 Still have questions?

We’re happy to talk.
📧 Email: caleb@keystoneconsultinginc.com
📞 Phone: (207) 251-3117
📍 Location: 1196 Bragdon Road, Wells, Maine 04090
🌐 Website: www.keystoneconsultinginc.com