When deciding between an LLC and a C Corporation, consider how you intend to structure the ownership and leadership of your business, your fundraising and hiring goals. A core component of the Firstbase.io Network is access to law firms, tax attorneys, and CPAs who can support you as you grow your business regardless of the type of entity you launch with Firstbase.io.
Need help choosing your business structure?
Please answer a few questions HERE. This questionnaire is a very helpful free tool that suggests which entity type might be best for you based on a number of variables related to your business:
When to choose a C-Corp:
C Corporations are ideal for businesses seeking to raise money from angel investors or VC firms. The ownership of the company is expressed in shares of stock, and you can use these shares to raise capital and issue employee options.
When to choose an LLC:
LLC is an excellent choice for e-commerce stores and small online projects. LLCs offer limited liability for founders, simple structure, and ease of management.
LLCs don’t have shares, so you won’t be able to issue stock or go public — but many pretty huge companies are LLCs, so you can still achieve a lot with this structure.