I'm currently in the process of researching on starting a business. For those of you that are actually business owners I'm curious to know what sort of structure you chose for your startup. This applies to guys living in the U.S.
Did you have a sole proprietorship, partnership, LLC, C or S corporation?
I'd likely be starting as a sole proprietorship but would like to move on to an LLC in the future since it protects liability and avoids the double taxation that comes with a C corporation, and no need to worry about meetings and minutes that a corporate charter imposes. Still need to research the laws in my state regarding LLCs but that structure looks best for me in the intermediate future.
What about you guys? And any advice for a new startup in general?
Did you have a sole proprietorship, partnership, LLC, C or S corporation?
I'd likely be starting as a sole proprietorship but would like to move on to an LLC in the future since it protects liability and avoids the double taxation that comes with a C corporation, and no need to worry about meetings and minutes that a corporate charter imposes. Still need to research the laws in my state regarding LLCs but that structure looks best for me in the intermediate future.
What about you guys? And any advice for a new startup in general?