Call Us Now: +1 (877) 330-2677 Live Chat: ONLINE NOW            
https://d25eic0jctudgb.cloudfront.net/images/site/general/answers-to-answers-8743d0241f5d8c2c996225efe2063f89
https://d25eic0jctudgb.cloudfront.net/images/site/headlines/articles.jpg-5fa541d76bf4be9016b1176147b3bc96

LLC or Corp for internet based blog?

Asked by: Bruce - 14 August, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 LLC or Corp for internet based blog? I live in Missouri and I run a blog that makes money off of advertising and I know I need to incorporate. I'm going to be adding something new to the site in December that will allow it to make more money and I'll be looking for venture capital. Should I create an LLC or a corp?
Answered by: Alec Green - 19 August, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/2.jpg-d85fc946de818bb769fdd6ce8cd95478 Bruce,

Typically I would recommend to form an LLC for the type of business you run. With LLC you can pretty much get all the advantages of Corporation without most of the disadvantages.

You would need a Corporation in some rare cases, such as is your company is filing for IPO. However, even in that case you could start with LLC and incorporate later (see our answer to the question Social networking website incorporating in CA)

Also, if you plan to reach out to venture capitalists they might require you to form a corporation (for no better reason other than thats how they were doing their business for decades), in this case you would just form a new corporation and dissolve the LLC, or just use your LLC as the shareholder in the newly formed corporation. Bottom line is, there are many right solutions to this situation.

Finally, the choice of state: you could either form LLC in Missouri since thats where you live and that has its own advantages, or form the LLC in one of the incorporation-friendlier states such as Wyoming or Delaware (however that goes beyond the scope of this question).

I hope that answer helps.

Comments:

We Want To Connect With You!

Social Media is increasingly the preferred method for businesses to connect with their clients, peers and customers. We are dedicated to share information and useful tools to help you grow your business.

Like us on Facebook, follow us on Twitter, and let's begin the exchange to Help Grow America One Business at a Time - starting with yours!

https://d25eic0jctudgb.cloudfront.net/images/site/general/payment-methods-footer-052a63251a379d6e5ece1801f07470fc Official PayPal Seal SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment