Wray does a great job squarely answering your question. As an alternative, here are some other funding options for LLCs:
Bootstrap it yourself. Self-funding from your savings is always preferred as you don’t have to give up any of your ownership.
Ask your “friends and family.” This can be a risky source as business relations can affect your personal relationships, yet they can be some of your biggest supporters and open to attractive terms for repayment.
Find a major customer to front the beginning the costs.
Use a crowdfunding website like. Make sure you read the fine print in your agreement with the various sites.
Loans through the. A lot of different options here, and historically a solid option for small businesses.
Credit cards / mortgage your house.
Peer-to-peer lending on a site like. Like crowdfunding sites, read the fine terms.
You should considerfor anything that comes up during your fundraising needs. The attorneys on our legal marketplace have a ton of experience assisting companies find the money they need. We offer free initial consults and transparent flat-fee pricing. Good luck!