Should I incorporate as an LLC, S-, or C-corp? | WSGR Startup Basics 

If you’re a single-owner business, why not (1) form an LLC and operate as an SP until you generate enough earnings to justify (2) electing S-Corp taxation (and save on the SE tax accordingly), and, should you generate enough interest, then (3) convert to a C-Corp to reap the benefits of going public, etc. Otherwise, the costs of complying with the C-Corp form (at least in a manner that minimizes your risk of exposure to piercing) easily outweighs any associated benefits-and we’re not even talking about the double, entity-level taxation that you can avoid with an Sub-S or DRE taxation (or Sub-K if you’re a partnership). With an LLC, you (1) protect your personal assets from business liability, (2) minimize your federal income-tax obligations, and (3) have a free range of options wrt how to structure your business (an organizational flexibility that you most definitely do not get with a C-Corp).

Luv the interaction and the down-to-earth approach,, keeping it simple

Great focused discussion, I will check out other videos on your channel.

Thank you very much ! Really like the way you organize the discussion.

Great vid. Thank you!

Great explanations. Thank you all!

great video thanks!

Nice interview! Subscribed because you have Mobb Deep playing at the end interview! Major kudos! Good business and Good taste in music means I need to stick around!!! =) Thanks for positng!!

still deciding on LLC ,s-corp or c-corp for my business

Should I get a corporate checking account before or after I incorporate as a Delaware C Corp?

TLDW: Start as a C corp

Too much yapping about random "what if" scenario. Make a short 1 min video with just the main points.

Just remember you pay double taxes on C Corps as opposed to the pass through with S corp and partnerships.

I have s-corp, which is pretty good as a sole proprietor and I have no complain

I feel like a learned alot about his Hand Up business. Would rather have heard more generalized explanations.

C Corp.

He got only his own questions answered.

I thought "S" is for subchapter

Lol her last name is literally "Profit" 😅 I'm listening

I am from indonesia and want to start company in US, but how?

Should you go for a C-corp if you are pre-revenue?

" How do you weigh the pluses and minuses on your facts? Usually, C corporations make no sense for small businesses due to double tax on income and on proceeds of sale. Besides, if you incur losses, you want to claim them personally, favoring an S. Whatever you do, get some advice, and pay attention to the tax rules." Robert W. Wood Contributor Forbes tax lawyer based in San Francisco www.forbes.com/sites/robertwood/2012/05/03/c-or-s-corporation-choice-is-critical-for-small-business/

stalker

TLDW: Start as a C corp

Too much yapping about random "what if" scenario. Make a short 1 min video with just the main points.