Choosing an entity for an online business

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  • #1712284
    titoav15
    Participant

    What would be the best one for a startup? Also does it matter or would it make a difference as to what state you would register it in?

    Thanks!! 🙂

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  • #1712407
    LawGuy
    Participant

    I would say LLC's are a desirable entity choice for 95% of businesses that don't have the intention of going public or getting significant outside investment.

    S corps are also potentially a good option for self-employment tax reasons, but you can always switch to one in the future when your income makes the extra complications worthwhile.

    Of course, it depends on your specific circumstances so make sure you do your research.

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