Re:Why your startup should be a Delaware C-Corp, not an LLC
by chimeracoder on Wednesday March 15, 2017 @01:33PM
(#13878009)
> Is it true that you may enter the funding cycle as an LLC but that as a practicality you won't exit funding as anything but a C, that angels and VCs will insist on this restructuring? I think the answer is yes but I don't know.
There's never any hard-and-fast rule in the startup world, but pretty much any VC will want you to be a C-corp instead of an LLC.
(You're unlikely to get refused funding just because your company is an LLC, but they'll likely want you to restructure before the deal finalizes).
There's never any hard-and-fast rule in the startup world, but pretty much any VC will want you to be a C-corp instead of an LLC.
(You're unlikely to get refused funding just because your company is an LLC, but they'll likely want you to restructure before the deal finalizes).