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I am currently working on my startup myself without any income, but looking forward to release it soon in a month or so. By reading through all the Q&A, I was not able to find info on this scenario that I am having

  • single owner
  • no income with a very tight budget
  • will start business soon and need legal protection
  • will need angel fund or VC investment after getting traction (have decent user base)

So I am thinking to start a LLC (in my resident state - WA), and then convert to C-Corp later (could be at the time when starting to look for investment).

Does that sound like an OK approach?

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Similar question: answers.onstartups.com/questions/34462/…. – ejain Jan 12 '12 at 7:11

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Yes, that sounds like a reasonable strategy. I don't see anything inherently wrong with that approach.

If you do end up trying to raise VC funds you'll need to convert to a C Corp, and likely registered in Delaware. But until then you can start as an LLC.

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