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Flutux Business

Help me choose

Take our quiz, and we’ll suggest which is best.

RECOMMENDED

Are you deciding the best company type for your case?

LLC

  • Great for small businesses due to more flexibility
  • Simple management structure and easier to operate
  • Less paperwork, corporate restrictions, no meeting requirements
  • Ownership represented by members (LLCs cannot issue stock)

vs

C-Corp

  • Great for startups fundraising from investors
  • Ability to raise capital by issuing stock; ownership represented by shareholders
  • Management structure with more operating requirements
  • More paperwork and corporate requirements such as annual meetings and minutes
Take the survey
Take the survey (#19)

Are you planning to give stocks to employees, advisors or partners?

Are you planning to raise money or go through an accelerator/incubator program?

We suggest incorporating
as a LLC in Wyoming.

 
✅   Your company isn’t planning on raising venture capital or issuing stock.
 
✅   LLCs are easier to start up and manage with less annual fees.
 
✅   Wyoming is great for LLCs and smaller companies due to easier formation requirements, lower fees, and simplified tax structure.

We suggest incorporating
as a C-Corp in Delaware.

 
✅   Your company is planning on raising venture capital or issuing stock.
 
✅   You’re planning on participating in an accelerator/incubator program.
 
✅   Delaware is great for startups and corporations due to pro-business laws and strong legal protections.