ASK HN: How should I set my company up?
Company, Bank Account and Set of books for each Web Application?
This is a follow on question about: http://news.ycombinator.com/item?id=347381<p>In the comments Ryan talks about the difficulties with handing over his merchant account etc to the company that acquired him. I want to know how this can be made easier.
To my knowledge, there is no perfect way of transferring a merchant account. Your best bet is the advice Ryan offered: choose the biggest, most prevalent merchant account provider you can
Also, this is not particular to tech or startups, but keeping solid documents will make any sale much smoother. Use something like gnucash, mint/wesabe, quickbooks, etc.
If by company you mean incorporation, I believe that Delaware LLCs are generally considered the best option.