Hi guys, my question is: When a web page should become a corporation you know Ltd, Inc. or Corp.?

Question

For example facebook, youtube, or bebo are private held but when they become that way, just from the start or on the road.

Thanks guys.

Answer 1

webpages don;t become anything - Facebook, etc is a company with a wesbite. they might have started out as sole proprietors or partnerships

Answer 2

Best advice is if you are in it for the long-term go ahead and establish the proper entity up front. LLC's are easy to form, typically have fewer reporting requirements, and provide all the protection that a corporation would