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Have you personally had any problems with this setup? It sounds like for the scope of your company it would work well.


No problems yet. (Knock on wood.) We never had any ambition plans of raising money or going public, so we just wanted the simplest structure that wouldn't require extra costs or overhead. There might be tax implications, but that's more the realm of my business partner, so I'm not really qualified to offer any extensive advice there beyond the fact that you'd want to consult an accountant in addition to a lawyer when incorporating.




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