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You'll need a Delaware C-Corp to receive funding. If funding isn't on the cards, a simple and cheap LLC is the best. Delaware C-Corp has a bunch of reporting re
by satya71 3y ago
You'll need a Delaware C-Corp to receive funding. If funding isn't on the cards, a simple and cheap LLC is the best. Delaware C-Corp has a bunch of reporting requirements and a scary default tax treatment. It's not for the uninitiated.
As someone else noted, Taiwan-based company. If you must have a US entity, LLC is the best for a one-person company. If you do raise funding or become big, it's trivial to convert to a C-Corp.
- ddxv 3y agoThanks, realizing that I incorrectly used the term incorporate as I did mean just LLC.
- satya71 3y agoThere's some great advice in other threads. LLC in a friendly no-reporting, no-franchise-tax state is probably the best bet.
- sharker8 3y agoPlease provide references for the term "scary" and "not for the uninitiated."
- lquist 3y agohttps://www.cooleygo.com/so-you-owe-thousands-in-delaware-franchise-tax/ https://www.cooleygo.com/so-you-owe-thousands-in-delaware-fr...