3 ms·

Don't incorporate. Make an LLC.

• warkdarrior 2y ago
  LLC is a type of corporation. Google is an LLC for example.
  • singleshot_ 2y ago
    An LLC is absolutely not a form of corporation. Corporations and LLCs are both business entities, but are distinct from one another.
    • DrillShopper 2y ago
      Can't you elect to have an LLC treated as a corporation for tax purposes, or am I mistaken?
      • singleshot_ 2y ago
        An LLC May be treated by election as a disregarded entity (p&l flows directly to your own person just like a sole proprietor), sub c (if you’re anticipating going public), sub s (if you’re not), sub k (good for capital intensive stuff where you can get loans that are no recourse to the partners) or other sections of the code (think 501(c)). LLCs are extraordinarily flexible from a taxation point of view, but without shareholders or a board of directors and lacking articles of incorporation, they are distinct from corporations.