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Limited liability company (LLC), owned by one or more members. S corporation, owned by one or more people. Single-member LLC. S corporation. Multi-member LLC. S corporation. Structures that offer limited liability include: LLCs. Pass-through vs. double taxation. S corporation: Form 1120-S, U.S.
I didn’t have any friends that were into this kind of cycling at the time—and for whatever reason it’s something that people in their 20’s really don’t do that often. With LLCs, you get two strikes. One is that if you’re going to take venture capital funding, you’re going to convert your LCC into a C-corp.
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