IANAL I have heard that, if you are looking to sell some time in the future, then a corporation is greatly preferred to an LLC, by investors and the larger com

IANAL I have heard that, if you are looking to sell some time in the future, then a corporation is greatly preferred to an LLC, by investors and the larger companies who would be interested in purchasing your company. A corporation, though, has strict rules (including annual meetings for which you must maintain accurate records, sign contracts as a representative of the corp, etc). If you do not comply with the rules, then it is possible for someone to "pierce the corporate veil" and come after you personally. IANAL. I repeat, IANAL.