I've set up two LLC's and an S-corp myself before for companies that I own and run; but this new idea I have is bigger and I will be pursuing investor involvement for it.
I'm trying to keep my startup costs as low as possible, so I was planning on just starting up an S-Corp (for now) in Massachusetts where I live. My co-founder is in Rhode Island, but we believed that just being incorporated in MA is probably better for a tech startup (yes, I know many incorporate in delaware due to corporate taxes but MA from what I know makes us pay here as well).
My question is; if we want to pursue funding eventually, are there things I need to consider that I hadn't before in the other businesses where funding was never really on the table? Do I need to set aside more shares; or should I start with C-corp instead of an S-corp?
One of the values I would expect to get from a lawyer would be connections to investors... but I'm just not sure I can afford the lawyer at this point. I can save close to $1k by doing it myself and I'd rather put that into product development and other licencing fees I need to cover as part of our startup idea.