Ask HN: Is one C Corp enough for multiple micro startups?

3 points by shafkathullah 3 years ago | 5 comments

I was wondering if one 'C Corp' registered company(via Stripe Atlas) could suffice for multiple unrelated web based software products and services. I might add employees to each of them in future as well. Primary reason for company registration is to facilitate Strip account for payment etc.

dylanhassinger 3 years ago |

yes probably

1 parent corp, its an incubator which has employees

those employees work on products and service offerings

company can then spin off individual product/service if one takes off

ReD_CoDE 3 years ago | |

Good idea

For instance Meta is a C corp, and Instagram is an LLC one

auroralimon 3 years ago |

just use LLCs, much easier, one per startup. need almost no paperwork.

ReD_CoDE 3 years ago | |

It seems that VCs dislike LLCs

toomuchtodo 3 years ago | | |

An LLC can be converted to a C Corp prior to taking investment.

https://carta.com/blog/convert-llc-c-corp/