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New entrepreneurs put a lot of time and thought into incorporating and choosing a business structure. After all, it’s the first big legal decision to make for the business — and there are plenty of second and third-hand anecdotal horror stories about the founder who picked the “wrong structure” and got screwed over at tax time
If we go back ten or fifteen years, the decision was simpler: most tech startups formed a corporation, and typically a Delaware C-Corp. Today, we’re seeing a lot more Limited Liability Companies (LLCs). This is often the preferred structure for small businesses and “mom and pop” shops, but the popularity of the LLC is spreading into tech circles too Read more…
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