Wondering if more experienced searchers have opinions on which entity structure is best for a first time, self-funded, partnered acquisition vehicle. What I have read so far has pushed me toward an LLC, however, I am interested in learning more about whether that's the smartest long-term move.

My intent is to have this initial investment vehicle purchase the eventual target company and become the parent company. Later on, if all works out, this parent company would become a holding company of other acquisitions as well.

I understand that there are certain advantages of a C Corp over an LLC, mainly in the ability to issue different classes of stock. The drawback of course is usually double taxation.

Any thoughts are appreciated!! Many thanks