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There's legitimate reasons for wanting a C-Corp over an LLC, but we were an LLC for 7 years and almost nothing the author mentions was an issue: a) Legal liabi
by morisy 10y ago
There's legitimate reasons for wanting a C-Corp over an LLC, but we were an LLC for 7 years and almost nothing the author mentions was an issue:
a) Legal liability? "Limited Liability" is what the LL in LLC stands for.
b) Dividing ownership? If you keep things simple, like a 50-50 split, not a problem at all.
c) IP ownership? What?
Yes, if you're raising money you probably need a C-Corp, but if you keep things relatively simple, the transition doesn't need to be expensive or time-consuming.
- transitorykris 10y agoThe page never says a. or c. There is even a venn diagram down near the bottom showing they both have these qualities. It's arguing for incorporation, and then specifically as a c-crop.
- morisy 10y agoAh ok. I was reading the subhead "how is a C-Corporation different from an LLC? Here’s the rundown." as implying that the content was right below that about the differences.