| Why is this the default answer to any discussion on topics such as these? I look at it as Vaudeville acts vs Hollywood films. Or local hack community college professor vs Youtube Stanford Machine Learning Course. The legal and tax situation is written into the law. The VC outlook on this topic is common knowledge. So why do we have to pay expensive consultants (attorneys, accountants) for what are in reality just FAQ's. Incorporating an LLC is one of the easiest government interactions I have ever had. It is literally a one page form, the hardest part is picking the name of the company (definitely check the US trademark office database and get the .com) It was the same for the Delaware C Corp I created. A one page document that needed to be faxed. All the rest of the paperwork was very elegantly handled by Clerky. I think there is a big risk in going for advice from an attorney and getting bad advice. I feel much more comfortable in broad research on a topic and crowd-vouched and vetted knowledge rather than trusting one sole practitioner. |