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Ask HN: How many LLCs for my different ventures?
Hi!
So I have a lot going on right now!
I have a freelance business I'm working on that I want to expand into a full blown consultancy agency and hire help, etc.
I also created a new invention that I want to market.
Finally, there's a startup I want to work on and create.
How many LLCs should I have? Should I just make the 1 for all of them? Make 1 for now and then create them later on?
Is there a one correct answer or is it sort of up to me?
- jonkiddy 11y agoOne LLC and pick only one of the above. Focus.
- brudgers 11y agoA startup should have a business structure optimized for taking on outside investment. LLC's are not because outside investments will tend to require a restructuring of the operating agreements. That's why YC's portfolio companies are usually if not always C-corps. If the overhead of a C-corp doesn't make sense, then the business probably isn't a startup. good luck.
- dookahku 11y agoYou are right that none of them are startups and I don't plan on them becoming one. However, they are hopefully things I want to protect and conceivably could make me money sometime.