LLC is cheapest but sometimes it's not good enough - it's pass-through for taxes which means your personal taxes are impacted by business profits. You may need

LLC is cheapest but sometimes it's not good enough - it's pass-through for taxes which means your personal taxes are impacted by business profits. You may need to have more tax assistance because this - YMMV of course. The "file the taxes under your own return" is a double-edged sword. I've been burned in the past on this. I've created LLCs in the past but my next company is starting as a C-corporaion just to avoid the tax entanglements since I already need the same tax people either way, so why not take the added advantages and greater protection. Where you start your LLC matters a lot. E.g. CA is one of the worst - you have to pay minimum tax at founding and then every year: $800+ last time I formed one. NY was far easier - there's a minimum annual but then no minimum tax so no revenue no tax.