4 ms·
One thing to consider with a C corp in the US is that it could qualify for QSBS tax benefits. Basically if the resulting entity remains under 50MM in assets and
by epc 3y ago
One thing to consider with a C corp in the US is that it could qualify for QSBS tax benefits. Basically if the resulting entity remains under 50MM in assets and you hold the stock for five years, capital gains can be reduced, to 100% in some cases. There's a variety of restrictions, notably it must be a C corp, not an LLC nor an S Corp (unclear to me whether a C corp which converted from an LLC would qualify).
Nominally an LLC will give you basic financial liability shielding but I'm finding whatever advantages there were of an LLC wash away if I start having to do multi state (US) business since I have to file for foreign LLC qualification in each state.
See:
https://www.investopedia.com/terms/q/qsbs-qualified-small-business-stock.asp https://www.investopedia.com/terms/q/qsbs-qualified-small-bu...
https://www.sba.gov/blog/qualified-small-business-stock-what-it-how-use-it https://www.sba.gov/blog/qualified-small-business-stock-what...
https://carta.com/blog/qsbs/ https://carta.com/blog/qsbs/