leonar15 / startup-checklist Goto Github PK

Nice work!

S-corp, C-corp and LLC/LLP are merely tax classifications (IRS form 8832, pdf).

S-corps can always be converted into C-corps.

S-corps are usually less overhead, but VC's typically only invest in C-corps.

LLC/LLP are preferred for pure service / consulting companies that don't need investment.

And, here's some other resources:

• clerky
• Orrick, Herrington & Sutcliffe (a-k-a Orrick)
• Wilson Sonsini Goodrich & Rosati (a-k-a Wilson Sonsini, WSGR)

Here are the docs: https://www.irs.gov/forms-pubs/about-form-940
I understand CA EDD website should cover SUTA, but FUTA (940) needs to be reported and paid too.

How about adding the notice under California. Here are more details: https://startuplawyer.com/incorporation/25102f-notice-only-in-california

Disclaimer: This comment does not constitute legal advice and does not establish an attorney-client relationship.

Just wanted to mention when I filed online to get my company's cert of good standing from DE for the california foreign entity registration - I was told the "normal" speed filings are backlogged for months, and even the "24 hour" filing speed option will take a week.

I didn't find out about this until contacting DE support. I ended up upgrading to "Same Day" filing speed for my request - which indeed did get processed same day and arrived in the post a few days later.

Perhaps this should be noted somewhere in the README for others to not make the same mistake I did and just opt for 24 hour or same day filing speed (it was only I think $50 extra) to avoid the huge backlog.