Startup Funding Espresso -- Entity Filing

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. All startups need to have a legal entity. Before you launch your fundraise make sure you have a legal entity filed as you'll need it for accepting investment funds. Start with an LLC which is a Limited Liability Corporation. It's low-cost and easy to file with your Secretary of State. This should be sufficient for family and friends funding. Continue with the LLC till later rounds of funding, in which case the investors may want to see a Delaware C-Corporation entity. Venture Capital and other investors want this structure as their investment documents are set up for such and they are not going to change it. Tell your investors you will convert to a Delaware C-Corporation and then do so, contingent on the funding. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let's go startup something today.-----For more episodes from Investor Connect, please visit the site at: http://investorconnect.orgCheck out our other podcasts here: https://investorconnect.org/For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact [email protected]