How to avoid big tax bills when forming a Delaware C-Corp?
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I've heard that messing up a Delaware C-Corp can lead to huge tax bills, but I also know investors hate LLCs. Since I’m new to startups, wouldn't it make sense to just use Stripe Atlas or Clerky instead of trying to DIY the legal stuff and risking a disaster?
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@SophiaK said in How to avoid big tax bills when forming a Delaware C-Corp?:
I've heard that messing up a Delaware C-Corp can lead to huge tax bills, but I also know investors hate LLCs. Since I’m new to startups, wouldn't it make sense to just use Stripe Atlas or Clerky instead of trying to DIY the legal stuff and risking a disaster?
If you're starting your own business, I recommend using Stripe Atlas or Clerky instead of navigating everything on your own. They simplify the setup of your Delaware C-Corp and compliance issues from the beginning.
Investors typically favor a C-Corp for stock options and funding, so hiring professionals demonstrates your commitment. Doing it yourself may save money at first, but a minor mistake with taxes could result in serious and costly problems later on.