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Clerky is great for creating a Delaware C Corp (if you intend to raise funding in the near future), but I wouldn't suggest this for a small side project, becaus
by adrianmacneil 10y ago
Clerky is great for creating a Delaware C Corp (if you intend to raise funding in the near future), but I wouldn't suggest this for a small side project, because a C Corp plus related paperwork is a lot more expensive than an LLC in your home state.
- traviswingo 10y agoYeah exactly, thanks for pointing this out. I'm specifically focused on LLCs because they are single-man operated side projects with passive income. I maintain each one only a couple of days per month, at this point. That being said, Clerky is an excellent choice for those looking to form a C Corp in Delaware and focus on their startup full-time.
- wyldfire 10y agoWhat are the limitations/drawbacks of an LLC (beyond the inability to raise funding).