6 ms·

Did you incorporate as a C corp or LLC?

• lukaslukas 10mo ago
  C corp in Delaware
  • bluesmoon 10mo ago
    Go with S-corp.
    • lukaslukas 10mo ago
      what is the difference?
    • cloudflare728 10mo ago
      Seems like big no-no. >The big reason why C corps are preferable is because S corporation shareholders can only be people -- not other businesses, like VC firms. (S corps also can't issue preferred stock.) An S corporation can't take venture capital without first reverting back to C corp status. But an S corporation can save a lot of money on taxes https://news.ycombinator.com/item?id=13784 https://news.ycombinator.com/item?id=13784