Is there one type of incorporation that is best used to establish a consulting company? Looks like most startups are recommended to be a DE incorporated C-corp, is there a similar "best of" set up for the consulting company case?<p>Looking to establish a legal entity with tax ID, will likely never take outside investment, profit / loss will vary year to year, and want legal separation between "the consultants" and "the company".<p>Have been advised that an S-corp or LLC would be the way to go, but wanted to hear from the HN community.
If you are never going to take outside investment, an LLC would be simpler to set up and maintain. You would have a separate legal entity, limited personal liability for the members, and pass-through taxation. With an S or C corp, there are annual reporting requirements, and you need to elect a board and hold annual meetings.