Just to note: LLCs are treated as partnerships by default for tax purposes, which is what complicates equity compensation for LLCs. S-Corps are mostly treated

Just to note: LLCs are treated as partnerships by default for tax purposes, which is what complicates equity compensation for LLCs. S-Corps are mostly treated like partnerships for tax purposes. You can alternatively choose to have an LLC which is taxed as a corporation by making a "check-the-box" election. After the election, the LLC is an LLC for all purposes except tax purposes, and is treated as a corporation for tax purposes.