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I spoke to a lawyer and the recommendation I got was to go with a Delaware LLC. The lawyer stated that the business law is more concrete and predictable in Del
by tmaly 10y ago
I spoke to a lawyer and the recommendation I got was to go with a Delaware LLC.
The lawyer stated that the business law is more concrete and predictable in Delaware. If you have to go to court, it is going to be easier on your company.
If you plan on raising funding for your startup, go with a C corp instead as it is easier to deal with things. You can always convert an LLC to a C corp but that is more hassle later.
If you do not plan on taking funding, and you want a lower accountant bill, go with the LLC. The pass through income on your schedule C is a lot cheaper to deal with.