Why your startup should be a Delaware C-Corp, not an LLC

Re:Why your startup should be a Delaware C-Corp, not an LLC by ChefDenominator on Thursday March 16, 2017 @08:52AM (#13884560)

So, if I own a corporation that buys an asset for $500,000, then I turn around and sell the corporation for $10,000,000, I'm in some kind of hot water?

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Re:Why your startup should be a Delaware C-Corp, not an LLC by ptenk on Saturday March 18, 2017 @04:38AM (#13900471)

Depends. If the asset is digital, you can register the corporation in a tax haven through a offshore broker (Cayman, Panama, or St. Kitts), acquire the asset and then turn around and sell the corporation.

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Re:Why your startup should be a Delaware C-Corp, not an LLC by ChefDenominator on Sunday March 19, 2017 @11:02AM (#13907447)

You can always "sell a corporation." It is not necessary to go to a tax haven.

I think you missed my point, which was that if I own a corporation and it buys an asset, then I sell that corporation, are these things tied together?

If the corporation simply found a deal, then the owners of the corporation chose to sell, why would the corporation (or owners) get hit with a gain on asset (purchased by corporation) tax? The shareholders should be taxed as normal gain on assets (shares) and it should not be reflected in the taxes paid by the corporation, unless I am missing something.

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