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  1.  
  2. LEGAL/CORPORATE STUFF
  3. LLC or C or S Corp?
  4. Hacker News | Startup Company Form: LLC or S-Corp? Which is easier and which is better?
« The Corner Office mobile edition: Startup 101: Should You Form An Inc. or LLC
Business structures 101 – Jul. 30, 2008 »

Hacker News | Startup Company Form: LLC or S-Corp? Which is easier and which is better?

27 Sep 2008   | LLC or C or S Corp?

Tags: choice of entity

LINK TO ORIGINAL ARTICLE:
  • http://news.ycombinator.com/item?id=13752

Ordinarily a startup should be a C corp. It’s cheaper to be an LLC, but if you plan to succeed, you may as well do things right from the start.

With an LLC profits don’t get taxed twice like in a regular corporation. So it makes sense to be an LLC if you expect to have substantial profits, but don’t expect to grant options, sell shares, or get bought. Consulting firms and law partnerships are often LLCs. YC is an LLC.

>>> READ MORE at:
  • http://news.ycombinator.com/item?id=13752
« The Corner Office mobile edition: Startup 101: Should You Form An Inc. or LLC
Business structures 101 – Jul. 30, 2008 »

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