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You are here: Home / Articles / Entity Selection / Is an LLC Right For Your Startup?

Is an LLC Right For Your Startup?

Should you form an LLC for your startup?If you are starting a business and you don’t have a specific reason to form a corporation, you should opt for an LLC.

Yep. It’s that simple. The LLC is so flexible and there are so many options down the road that, unless you are absolutely certain you need the double taxation of the C-Corporation, or any of the benefits of the S-Corporation right out of the gate, you can postpone that decision by forming an LLC.

Of course, there is a more complicated explanation. Of course, there are a lot of factors to consider. But, that is what the professionals are for. There are reasons and things to consider. You could think of:

  • Taxes
  • Equity Structure
  • Voting Rights
  • Management

Or, you could take the next step and move forward.

There.

We have eliminated the excuses for you to not start your new venture. Or worse, to start it without first forming an entity. Start with an LLC. Make sure you set it up right. But, start with the LLC.

Of course, once you have the entity set up, don’t forget to think about your business systems or your customer agreement or your intellectual property.

Legal impacts every area of your business. But, sometimes, just sometimes, the decision doesn’t need to be over complicated and create an excuse for standing still. Starting with an LLC gives you:

  • the limited liability protection you need from an entity
  • the flexibility of creating an ownership structure anyway you like
  • AND
  • the option to alter your tax structure down the road as you need based on your goals as a business owner

Now, go enjoy the holiday weekend, and let’s hit the ground running when we get back.

Helping You Sleep at Night Knowing Your Business is Protected. Legally.

Even if you have been in business for years and everything has been fine. It can all change. Fast. And you could lose it all. If you don’t know how to protect yourself.

After working with entrepreneurs for years, I realized that many entrepreneurs have the same legal questions. And the same problems. Many entrepreneurs, though they understand that legal is an important part of protecting your business, just put it off. You always think you can do it later. Until there isn’t a later.

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About Josh

I am a business lawyer who helps small business owners and entrepreneurs develop a clear legal plan to protect their business as it grows. I podcast, blog, and spend my time giving entrepreneurs a clear path to legal protection. Growing your business can only happen if you have a firm foundation.

If you want to know more about how to build a business while laying your legal foundation of protection, you are in the right place. Read More…

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