Re: Tough on business
If you are doing a software startup with a planned exit of several million dollars in x years then make sure you look at llc. There are some very specific rules to follow but the payout when you sell from a tax perspective is huge!! There is the potential to get a 100% exclusion from federal tax on the gains when selling your north dakota llc shares in the future. Some people will say but you pay more tax as a C corp and this is true but most software startups don’t really generate much profit as they plough everything into growth so it is still a good fit.