A BV is fine though. You really shouldn’t incorporate as a NV till you’re successful
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So, California is a little weird in that its tax structure discourages our equivalent of BVs (LLCs) in favor of standard incorporation. But the general philosophy here is that everyone’s entitled to limited liability as long as they pay the filing fee.
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LLCs have limits, and standard corporations impose many more investor-friendly requirements, so LLCs will probably eventually re-file. But why throw obstacles in the way of starting out as a full blown corporation in the first place? Whom does that serve?
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BV is the most popular form to create a new legal entity, not many alternatives. NV is usually much, much later stage. BV is indeed more hassle than an LLC because of the notary.
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