2 ms·
Surprised no one has mentioned this, but it depends on your end-game, or what you are going after. If you are looking to get funding, or are looking to build a
by honopu 16y ago
Surprised no one has mentioned this, but it depends on your end-game, or what you are going after.
If you are looking to get funding, or are looking to build and sell the business, instead of making it a lifestyle business, you will definitely want to do a c-corp, issue your stock while it is worth nothing. If you get bought, you pay capital gains tax(hopefully long term) instead of taking the entire amount as income.
Aside from that you do have a few advantages of C-corp, but LLC is definitely the least amount of paperwork. LLC's can elect to be taxed as a c-corp and then an s-corp, at least the last I read.
But from what I have read almost everyone that gets vc has to be a delaware c-corp.