Are you starting a new company and are trying to figure out whether a limited liability company (LLC) or corporation is the right legal structure for your business? There is a lot of information on the Internet about which type of legal structure is best for startups. And there is no shortage of opinions when you talk to accountants, attorneys, and business contacts. You ultimately will need to determine what is best for you and your business, but I wanted to provide some practical perspective based on what I see with actual startups and their experiences.
You'll learn when to consider a convertible debt financing, the role of the term sheet in the financing process, and more.