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If you are never going to take outside investment, an LLC would be simpler to set up and maintain. You would have a separate legal entity, limited personal lia
by byoung2 17y ago
If you are never going to take outside investment, an LLC would be simpler to set up and maintain. You would have a separate legal entity, limited personal liability for the members, and pass-through taxation. With an S or C corp, there are annual reporting requirements, and you need to elect a board and hold annual meetings.
- jfi 17y agoAwesome, thank you very much! I can't foresee taking outside investment as this is really more of a shell company for our projects and not something that lends itself to outside investment.