2 ms·
The first employees would be principals. None of the initial employees would be principals, but we might need to hire if things go well.
by coglethorpe 18y ago
The first employees would be principals. None of the initial employees would be principals, but we might need to hire if things go well.
- tptacek 18y agoPut it this way: if every employee will receive 1099 distributions instead of a W2 paycheck, or if no W2 employee will formally be given equity to begin with, you're better off with an LLC. If not, you were right to go for an S-Corp. It's just paperwork, and you're not going to screw yourself over with it. We're converting right now without a huge amount of legal pain.