Which Corporate Structure Should I Choose? - WickedFire - Affiliate Marketing Forum

jeanpaul1979 · 10-16-2008, 04:15 PM

Hey guys, I want to start a corporation but I'm not really sure which one to choose.

The main reason for starting a corporation is because of the credibility that it will give me when working with bigger businesses.

I can choose between an English C-Corp (known as a LTD) or a Dutch C-Corp (known as a BV). In the Netherlands where I live there is no S-Corp, only a C-corp.

Now I'm not really sure which one to choose. On the one hand I'd say a LTD because I'm guessing that this is more recognizable and credible in the US where I'm doing business. But on the other hand I'm not really sure if this is true at all compared to the Dutch equivalent of a LTD, a BV. And a BV has some advantages over a LTD. So if, for credibility, it doesn't matter which one I choose I'd rather set up a BV.

So my question is: should I set up a LTD for credibility? Or does it not matter?

this_guy · 10-16-2008, 04:55 PM

Your reputation and credibility are everything.

awesometbn · 10-16-2008, 10:25 PM

Quote:

Originally Posted by jeanpaul1979

Hey guys, I want to start a corporation but I'm not really sure which one to choose.

I would recommend the one that is easy to administer and maintain. In the United States that would be Limited Liability Company (LLC) or Sole Proprietor. Very simple, with no mandatory reports you must file, and your earnings pass through to your personal tax return. For the traditional C-corp you need to hold company meetings, record meeting minutes, file financial reports, and there are capital requirements that have to be met before you can even setup the company. Probably too much administration if you are just starting out, and are trying to build your business. But in another country, I don't know what would be best in your situation. You should consult with a lawyer or an accountant to get professional advice.

jbartinla · 10-16-2008, 10:37 PM

Do not choose a C-Corp because of cost and double-taxation issues.

I would recommend an LLC if you can as it is the easiest, most inexpensive, and easy to maintain. Not sure how to decide between a US corp and a corp in your country.

keynes · 10-17-2008, 12:12 AM

Go with the BV for tax advantages - you'll be judged firstly by your company itself, not the name, and, in that case, by the root of your company name more than the extension...

$5 Submissions · 10-17-2008, 12:33 AM

Any of the models that allow pass through taxation.

10-16-2008, 04:15 PM	#1 (permalink)
jeanpaul1979 Senior Member Join Date: Dec 2007 Posts: 432 iTrader: 2 / 100%	Which Corporate Structure Should I Choose? Hey guys, I want to start a corporation but I'm not really sure which one to choose. The main reason for starting a corporation is because of the credibility that it will give me when working with bigger businesses. I can choose between an English C-Corp (known as a LTD) or a Dutch C-Corp (known as a BV). In the Netherlands where I live there is no S-Corp, only a C-corp. Now I'm not really sure which one to choose. On the one hand I'd say a LTD because I'm guessing that this is more recognizable and credible in the US where I'm doing business. But on the other hand I'm not really sure if this is true at all compared to the Dutch equivalent of a LTD, a BV. And a BV has some advantages over a LTD. So if, for credibility, it doesn't matter which one I choose I'd rather set up a BV. So my question is: should I set up a LTD for credibility? Or does it not matter? Share Share this post on Digg Del.icio.us Technorati Twitter __________________ Don't try to see the signature. Realize there is no signature.

10-16-2008, 04:55 PM	#2 (permalink)
this_guy 5th Year Senior Member Join Date: Apr 2008 Posts: 1,010 iTrader: 6 / 100%	Your reputation and credibility are everything. Share Share this post on Digg Del.icio.us Technorati Twitter

10-16-2008, 10:37 PM	#4 (permalink)
jbartinla Internet Marketer Join Date: Jan 2007 Location: Hollywood Posts: 284 iTrader: 0 / 0%	Do not choose a C-Corp because of cost and double-taxation issues. I would recommend an LLC if you can as it is the easiest, most inexpensive, and easy to maintain. Not sure how to decide between a US corp and a corp in your country. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ great affiliate offer = www.GoFreeCredit.com

10-17-2008, 12:12 AM	#5 (permalink)
keynes Senior Member Join Date: May 2008 Location: stL Posts: 170 iTrader: 11 / 100%	Go with the BV for tax advantages - you'll be judged firstly by your company itself, not the name, and, in that case, by the root of your company name more than the extension... Share Share this post on Digg Del.icio.us Technorati Twitter __________________

10-17-2008, 12:33 AM	#6 (permalink)
$5 Submissions Senior Member Join Date: Jun 2006 Location: Global Posts: 1,921 iTrader: 4 / 100%	Any of the models that allow pass through taxation. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ Make More Money off Downloaders They UPLOAD - You Make Money

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Promotional Items Corporate Gifts Srednarb	Philer	Sell, Buy & Trade	0	10-03-2008 03:44 AM
What Corporate Structure are you Running	JerseyGirl	Affiliate Marketing	42	07-27-2008 03:24 PM
If you had to choose... college help needed	mason	Shooting The Shit	25	10-29-2007 03:39 AM
Wordpress Help: Site Structure	blackrock	Design, Development & Programming	5	10-25-2007 09:59 PM
IF you could only choose one, which would you choose: CONTENT or TRAFFIC?	$5 Submissions	Shooting The Shit	28	07-05-2006 12:10 AM