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A C corporation, involving one person, probably doesn't make sense. You probably want a S corp or LLC. In any case, a lawyer is good but I've always gotten my a
by drhowarddrfine 17y ago
A C corporation, involving one person, probably doesn't make sense. You probably want a S corp or LLC. In any case, a lawyer is good but I've always gotten my advice from my accountant. The lawyer knows the rules. The accountant knows how the rules affect your money.
- jon_dahl 17y agoA S-Corp is easier to convert to a C-Corp, so if you want to go the VC/IPO direction, but want to start simpler, you might want to start with an S-Corp. http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html But an LLC is more flexible and generally simpler to start. If you're looking to build a small profitable company, I'd go LLC. If you're looking for VC money today, go C-Corp. If you're looking to build a profitable company but want VC money in a few years, consider an S-Corp. Talk to a lawyer and accountant, of course.