22 ms·
Go with S-corp.
by bluesmoon 10mo ago
Go with S-corp.
- lukaslukas 10mo agowhat is the difference?
- cloudflare728 10mo agoSeems 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