The first step to build your business is to form a legal entity. If you’re not sure which structure you need to protect yourself and enter into contracts, then we recommend a Limited Liability Company (LLC).
This entity is flexible, provides asset protection for its owners, allows anonymity, is a sufficient structure for most business needs up to $100 million in value, and is often required by vendors before opening trade accounts.
The LLC is managed by managers, either third party managers appointed by the members or all the members can have management roles by default.
Alternatively, a corporation may be appropriate when the exit strategy involves a sophisticated acquisition or public financing round.
For more information on which option is best for you, please contact us