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Thanks for the answer. I guess I'm not really wondering about the "being taken seriously" aspect. More when it comes to managing taxes and liability. A LLC w

by dudul 9y ago

Thanks for the answer. I guess I'm not really wondering about the "being taken seriously" aspect. More when it comes to managing taxes and liability. A LLC would protect your personal assets in case something goes wrong with your product (let's say you leak the information of your 255 million users), but when is it worth it?

shubhamjain 9y ago
When you're starting out, you're full of optimism about your success. I was too. But when you get down to actually doing things, you start to realise how hard it is to get first few paying customers, let alone hundreds or thousands. I think it's fairly easy to start a LLC in US, so I am not dissuading you from incorporating one but do realise that it is one of those things that can be done later; and personally, I feel, if you don't have sure-shot path to growing revenue, should be done later. I don't think taxes and liability are much of an issue when you're small. I wasted ton of time in wondering about these things when I was making something just two years back, and eventually, I realised how less it would've mattered.
deleted 9y ago
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shimon 9y ago
Good point. You should probably incorporate once you hit, say, the 10 million user mark. ;)