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Standard YC SAFE is for corporations (C Coprs), not for LLCs, as LLCs don't have shares to convert to, only membership units. While there are SAFEs for LLCs, I
by nivertech 2y ago
Standard YC SAFE is for corporations (C Coprs), not for LLCs, as LLCs don't have shares to convert to, only membership units.
While there are SAFEs for LLCs, I don't get their purpose.
Maybe they can be useful for bootsrapping Micro-SaaS or lifestyle businesses.
https://jmdorsey.com/safe-for-llcs/ https://jmdorsey.com/safe-for-llcs/
https://mccarthylg.com/can-an-llc-use-a-safe/ https://mccarthylg.com/can-an-llc-use-a-safe/