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It's my understanding that: 1) If you don't intend for investment now, go for the LLC route so that you avoid double taxation. 2) If you want VC, you'll need
by jonpaul 16y ago
It's my understanding that:
1) If you don't intend for investment now, go for the LLC route so that you avoid double taxation.
2) If you want VC, you'll need a C-Corp as you noted.
For the weird states... you may want to register in Nevada or Deleware. However, the state you reside in may make you register as a foreign entity [which costs money], so in most cases in may just make sense to register in that state. YMMV.
For my second LLC, I registered in Nevada by using BizFilings. Very stupid, it cost much more than it needed to. For my third business, my partner just walked into my Secretary of State (Nebraska) and filled out the paper work. Very simple form. We were a business in less than 24 hours.
Again, YMMV depending upon the state. LLC is the most likely answer for most businesses to just get up and get going. Good luck.