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IANAL/IANAA: I believe an S-Corp is cheaper to set up and should work well for your consulting/contracting business. You could then incorporate a separate LLC

IANAL/IANAA: I believe an S-Corp is cheaper to set up and should work well for your consulting/contracting business. You could then incorporate a separate LLC whenever you're ready to work on an actual product and are planning to raise money from investors.

jey 16y ago
LLCs are easier. You can file a petition to request your LLC to be taxed as an S-corp if needed.
- felideon 16y ago
  I think I meant cheaper, or got confused for a minute. But that's interesting, I didn't know your LLC could be taxed as an S-Corp.