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Ask HN: LLC now, Delaware corp later?
Asking HN.
I am about to start working on a (currently) 1 person project.
I want to form a LLC for liability protection. There may be some customers involved.
At the point I find investors / or get significant revenue, I plan just to scrap the LLC, and form a brand new delaware corp. Are there any issues with this?
- tlb 6y agoYou can run as an LLC until you want to take outside investment or give employee stock options. Then you'll have to create a new company and transfer the IP to it. In general it's not a problem: lots of startups start as LLCs. YC (and most serious seed investors) can even do the paperwork for you.