4 ms·
Incorporating as an LLC makes it harder and more expensive to do properly later as a C-corp. I believe it can add >10k to the total costs vs. doing a C-corp fro
by danshapiro 14y ago
Incorporating as an LLC makes it harder and more expensive to do properly later as a C-corp. I believe it can add >10k to the total costs vs. doing a C-corp from the start.
- HeyLaughingBoy 14y agoYeah, but... If I get to the point of needing my LLC to become a C-corp, that $10k will be a drop in the ocean.
- tptacek 14y agoLiving an extra mile away from your lawyer also makes it harder and more expensive to do business, because you'll pay extra for gasoline. The question is, "how much more expensive", and the answer W.R.T. plain-vanilla LLCs where the transition to C-Corporation is uncontested by all the members and all the members are still active is, "not very". I'm sure you can easily rack up more than $10k in conversion costs if you let things get complicated, but I'd like a cost breakdown or even just a citation to a source for the idea that LLCs add $10k to C-Corp costs in the common case.
- SwaroopH 14y agoMy point is against doing nothing. Having incorporated recently, I firmly believe incorporation is the way to go. Although, my lawyer is friendly, gets thing done fast and charges very low.