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reshamn replied to the topic Types of Corporations in the forum Business 101 7 years, 6 months ago
A tech startup can incorporate in many different forms, but an LLC, C-Corp, or S-Corp are most common. Each form has its pros and cons and your choice can therefore help or hurt you as your company grows. For this reason, it is important to understand and weigh these pros and cons and determine which form is best for your company.Generally preferred structure is the C-Corp because of the facilitation of outside investment if the company is looking to grow from outside investment. The important consideration is what type of business, how you want pay taxes and how much do you want it to be benefit shareholders will determine the type of corporation. However, I would agree with the posts above for a LLC especially registered for the state of Delaware considering their favorable tax laws.