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LLC vs. Corporation vs. Partnership: which structure for your startup?

A practical decision tree for founders, with tax and liability trade-offs at each fork.

Choosing an entity structure affects your taxes, personal liability, and how you can raise capital. Here’s a practical guide.

LLC

Limited Liability Company. Pass-through taxation. Flexible ownership. Best for early-stage startups that don’t plan to raise institutional capital.

C-Corporation

Required if you plan to raise from VCs. Double taxation but allows for stock options.