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smitshah replied to the topic Types of Corporations in the forum Business 101 7 years, 8 months ago
I would register my company as c-type corporation because I believe that when you start your own business the most important thing is to arrange finances and I believe that C-type provides the best way to get finances and apart from getting easily loan, I can even approach other companies to invest money into my company and ask investor too to invest and my investor wont be limited to US only. Apart from this in future when my company would be of reputable size I can also go to stock market which would make sure flow of money in future. Apart from money I will be protected against lawsuits because of the limited liability. My company wont die with death of any investor or share holder.
For any business to make money it needs money which I think can be achieved comfortably with this way. Double tax would be something which would be a liability on my risk of taking more money from market.