C-Corp for bootstrapping?
Everyone says, "go with a Delaware C-Corp if you want to get external funding".
But what if you don't? Or you don't know if that's the direction you want to go? What if you are bootstrapping? Do the benefits of a C-Corp still apply?
That $350 franchise tax, $100+ registered agent fee, and 21% corporate income tax seems like a lot. Is it worth it?
If you think you may sell your business, the QSBS is very important.
https://www.indiehackers.com/forum/i-strongly-recommend-starting-your-business-entity-as-a-c-corp-instead-of-an-llc-38d98594f8
https://www.investopedia.com/terms/s/section-1202.asp
https://www.thetaxadviser.com/issues/2013/may/clinic-may2013-story-07.html
Google for it and come to your own conclusions.
Oh yeah, I forgot about that benefit. That's huge!
Don't do a c-corp unless you are getting funding and your investors require it. It's not hard to switch down the road from an LLC to c-corp if necessary