What legal structure should I choose for my startup?
An example of an AI chatbot conversation about choosing a legal structure for a startup.
What legal structure should I choose for my startup?
Choosing a legal structure depends on various factors like liability, taxes, and funding. Are you considering an LLC, corporation, or sole proprietorship?
I'm not sure. What are the main differences between an LLC and a corporation?
An LLC offers flexibility and limited liability, while a corporation is more formal and can attract investors more easily. What are your priorities?
I want to limit my personal liability and have the option to raise funds later.
In that case, an LLC might be a good fit for you. It provides personal liability protection and is easier to manage than a corporation.
What are the steps to set up an LLC?
To set up an LLC, you'll need to choose a name, file articles of organization, create an operating agreement, and obtain any necessary licenses.
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