2min chapter

Startup School by Y Combinator cover image

Startup Legal Mechanics by Carolynn Levy

Startup School by Y Combinator

CHAPTER

How Much Equity Should We Save for Our First Employees?

If you just file in delaware, youre kind a sea corp by default. In order to actually be an escort, you have to make an election on a tax form. Es corp is passed through taxation sas tax transparent. The se corp cuts off the income at the level of corporation. And corporation t pays taxes.

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