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Disclaimer: I work at Gust. That said, https://gust.com/launch/comparison/delaware-corp-vs-llc https://gust.com/launch/comparison/delaware-corp-vs-llc will giv
by peter-gust 6y ago
Disclaimer: I work at Gust.
That said, https://gust.com/launch/comparison/delaware-corp-vs-llc https://gust.com/launch/comparison/delaware-corp-vs-llc will give you a good idea of the trade-offs and considerations. Based on the homework we've done, C-Corp is a cost- and paperwork-competitive choice if you want to leverage equity for funding or employee incentives.
In terms of changing from LLC to C-Corp, statutory conversion is relatively straightforward especially if you structure your original LLC with future conversion in mind (choose a state that supports statutory conversion, understand how membership interest will convert into shares). I _think_ Stripe Atlas might still offer an LLC with an easy conversion path. Some more info on different ways to manage the change here: https://gust.com/launch/faq/articles/i-already-have-an-llc-do-i-have-to-dissolve-it-to-be-able-to-use-gust-launch https://gust.com/launch/faq/articles/i-already-have-an-llc-d... (some Gust specific info in there, but most is general purpose).
- jsperx 6y agoYes, at least as of 4 months ago (when I got mine) Atlas was still offering a Delaware LLC with an operating agreement structured to make it easier to convert to a C Corp later.