Hacker News new | ask | show | jobs
by databus 4862 days ago
Great deck! What business entity type (sole proprietorship, llc, ...) did you end up going with and has it changed over time?
1 comments
garrettdimon 4862 days ago
It's an LLC, but for better or worse, that's not a decision that we put a lot of time into. So it's probably not a meaningful data point.
link
databus 4862 days ago
Have you personally had any problems with this setup? It sounds like for the scope of your company it would work well.
link
garrettdimon 4862 days ago
No problems yet. (Knock on wood.) We never had any ambition plans of raising money or going public, so we just wanted the simplest structure that wouldn't require extra costs or overhead. There might be tax implications, but that's more the realm of my business partner, so I'm not really qualified to offer any extensive advice there beyond the fact that you'd want to consult an accountant in addition to a lawyer when incorporating.
link