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If you're spending more than $5k on a standard C-corp you're paying too much. These docs are boilerplate at any reasonable firm. $15k is out of line.
by corioliseffect 19y ago
If you're spending more than $5k on a standard C-corp you're paying too much. These docs are boilerplate at any reasonable firm. $15k is out of line.
- mightybyte 19y agoIs a C-corp what most web startups are using? Everything I have seen seems to indicate that an LLC or S-corp are better to start with.
- davidw 19y ago"It depends". Search the archives - there have been lots of good discussions about this. I went for an LLC myself, and that seems to be working ok so far.
- marcus 19y agoS-Corp doesn't allow multiple classes of stocks which can hinder VC funding, as they usually insist on preferential stocks of some kind... The correct answer is it all depends on your financing plans, importance of liability protection, projected income and team makeup. Consult a lawyer.
- jam 19y agoStarting as a C-corp from the beginning makes it much easier for you to take investment. If you aren't planning on doing that, though, then an LLC or S-corp are fine.
- deleted 19y ago[deleted]