First-time entrepreneur and it's finally time to launch an MVP I have been working on for the past year.
I have been doing a lot of research on the what the best route to go in terms of registering an LLC and C-Corp and I'm still unsure of which direction to go.
The product is a b2c subscription business with a heavy focus on several international markets.
I might bring one an angel investor (family) in the beginning and possibly search for additional external funding depending on the traction in the first couple of quarters.
Going the traditional c-corp (Delaware) route would have the benefits of the ability to be more stealth (privacy), the ability to get funding, and offset costs in the beginning.
What other benefits would C-Corp have over LLC in your opinion? Especially for a business that is growing rapidly.
How much more time and resources would c-corp take to manage for a solo founder compared to an LLC?
What are the drawbacks of starting as an LLC and then possibly switching to C-Corp?
Is stripe atlas a good choice for a first-time founder?
A lot of questions and I'm planning to talk to a startup lawyer on this but thought some insights from others who have already done this would be helpful.