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My startup has one or more equity partners that, at this time, prefers to remain anonymous. Does an LLC have any disadvantages over a Corp in this regard? The anonymous will not be on the board if we make a corp.

I know, talk to a lawyer. Soon...

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If you know you need to talk to a lawyer, why not do it? – dnbrv Jan 28 '12 at 16:28
They may want to layer their ownership chain - so a C corp partially owned by an LLC with non-managing partners, etc. They should talk to an attorney and an accountant for specifics. – TimJ♦ Jan 28 '12 at 20:43
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This question is part of the pre-lawyer research. When you are talking at $300/hour it pays to do your homework first. – Paul Cezanne Jan 29 '12 at 13:50

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A Delaware LLC has an advantage over a C corp because it does not require disclosure (to the state) of its members). If it elkects to be taxed as a C Corp (some big disadvantages) it will not have to file Schedules K-1 with its tax return which give away the identity of its members.

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