LLC, S Corp, or C Corp?
I'm starting a retail company which will own stores. We're looking for investors, but I'm not sure what form to make my company into so it is more professional.... I know i want liability if all hell breaks loose, which won't happen I'm sure. I know i would like to incorporate in Delaware. any pointers?
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Usually, LLC companies are for law firms, CPA firms etc. who distribute all or most of their earnings to the partners at year end. S corp is usually for a family business where all profits are distributed and taxed on a personal basis. C corporations can and usually hold back a portion of earning each year for future investment including dividends when compelled to do so usually by the IRS. These are all three legal forms of incorporation. I suggest a C corp. in your case but see a CPA or a corporate attorney before deciding.
A C-Corporation is best for liability reasons.
There aren't any transformations. company credit is contingent on distinct issues. length of time in company, profitability, resources and own credit of the favourite or proprietors. Banks do not supply anybody intense lines of credit anymore.