It totally depends what you're trying to do. For biotech I'd imagine the costs for things like licensing, liability/insurance (could include retaining an attorney), patents, machines etc would stack up easily. Legal registration of the company itself, again it depends but wouldn't surpass more than a few thousand dollars at the absolute most. Trademarks can be pricey though, maybe he's including that?
beeepbeepbeepbeep t1_j9wbkqp wrote
Reply to Does it really cost >50k to form a new company? by ajconway
It totally depends what you're trying to do. For biotech I'd imagine the costs for things like licensing, liability/insurance (could include retaining an attorney), patents, machines etc would stack up easily. Legal registration of the company itself, again it depends but wouldn't surpass more than a few thousand dollars at the absolute most. Trademarks can be pricey though, maybe he's including that?
Tdlr; it totally just depends