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Ask HN: Should I convert C Corp to S Corp or continue to stay C Corp
I formed a C Corp anticipating funding but things didn't happen. Now it has become a huge liability. But the product is on track and the revenue will be small. I somehow plan to bootstrap. Should I convert C to S Corp or any other advice if you ever had dealt with such a situation.
- verdverm 8y agoS Corps are more complicated from my understanding. Keep iterating with your users!
- verdverm 8y agooh wait, I had the S/C corp backwards. I used a Delaware S Corp
- enoch232 8y agoThere's a lot of things to first consider. The new Tax Cuts & Job Acts is changing many things around entity decisions so it's beneficial to be an S Corp or LLC for most cases. How much revenue are you expecting? Could you provide more info?