Startup, Inc - What You Need to Know Before Starting a Company

The big issue with LLC's is that you technically can't be a W2 employee of one <i>and</i> hold equity in it; stakeholders in an LLC are all principals, and have to be compensated through distributions.

Just want to say that as someone who is just getting into this arena, this was a very helpful article.

This is good background but not entirely accurate. Make sure to talk to a lawyer.