| Organization type for venture capital?

Organization type for venture capital?

Albert S asked:


Me and my partners have started a business which is incorporated as an S-Corp. We are interested in obtaining some venture capital. Do we need to switch our company to a standard C-Corp? If we aren’t required to do so, is it advantageous to?
Well, I’m not looking for any advice that would be a subsitute for getting a lawyer. I am just trying to get some basic information.

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Comments

One Response to “Organization type for venture capital?”

  1. richard t on April 14th, 2009 1:00 am

    If you become successful. u will need a lawyer…assuming you plan on becoming successful………………then get a lawyer NOW..before you find out you made a bad choice………..