Going Public

[Kevin]

I was considering reformation as a LLC. Can I go public as a LLC or do I have to be a Corporation?

 

[Andrew]

Im not an authority on U.S trade law but I belive they have a similar setup as the UK.
As long as you register your company with the goverment I would believe its OK.

In the UK to become a .ltd you must register at companieshouse.gov.uk which costs £15 and then make your accounts public thereafter (you also need 3 employees).

 

[Andrew]

Mark will prob correct me as that as he trades under this dodgy cowboy outfit known as Secura hosting.ltd

 

[mark]

I was considering reformation as a LLC. Can I go public as a LLC or do I have to be a Corporation?

I believe that an LLC would need converting to a Corporation in order to go public.

See... <a href='http://web.mit.edu/entforum/www/hadzima/llc.htm' target='_blank'>http://web.mit.edu/entforum/www/hadzima/llc.htm</a>

Im not an authority on U.S trade law but I belive they have a similar setup as the UK.
As long as you register your company with the goverment I would believe its OK.

In the UK to become a .ltd you must register at companieshouse.gov.uk which costs £15 and then make your accounts public thereafter (you also need 3 employees).

You don't need three employees - just a director and a company secretary (not the same as assistant type secretary). If there is only one director he or she cannot also be the secretary. However, if there are two, one can be secretary as well. There are no qualification requirements for either directors or secretaries.

Mark will prob correct me as that as he trades under this dodgy cowboy outfit known as Secura hosting.ltd

LOL - dodgy ! I think not !

OK so it's a little bit more work to have a Limited Company (annual returns to companies house etc), but, there are a lot of benefits. Primarily - if for any unforseen reason the company went under - as long as there is no wrong doing by the directors, personal assets are not at risk. See... <a href='http://www.companyregistrations.co.uk/e1.shtml' target='_blank'>http://www.companyregistrations.co.uk/e1.shtml</a>

 

[M@tt]

Mark's right - LLC is similar to a private limited company in the UK.

Matt

 

[Ecp Hosting]

Yes, thats correct

 

[WaveLine]

If you live in the US then LLC is the way to go. Better tax benefits and pretty easy to setup and work with.

 

[sailor]

you must be a c class corporation. very expensive to go public. why do you want to thinkg about going public?