LLC is probably cheaper and easier and more flexible and better for you tax-wise if you plan on having revenue and profit. It does get expensive quickly to do anything complex with your corporate structure as an LLC.
You need to be a C-corp to raise money from a venture capitalist.
Do it in Delaware or make sure your home state doesn't have an enormous franchise fee.
Comments
LLC is probably cheaper and easier and more flexible and better for you tax-wise if you plan on having revenue and profit. It does get expensive quickly to do anything complex with your corporate structure as an LLC.
You need to be a C-corp to raise money from a venture capitalist.
Do it in Delaware or make sure your home state doesn't have an enormous franchise fee.
Forming your LLC or corporation in Delaware will not protect you from the $800 minimum state tax if your business is located in California.