Choose the legal structure that fits your needs

The chart below summarizes the main differences between Fair Project Clasic, Fair Project Pro and a traditional LLC or C Corp.

FeatureFair Project ClassicFair Project Pro LLC or C Corporation
Managed online
(can add members, change the allocation of equity, make binding decisions)		YesYesNo
Intellectual Property rights
(covers software code, blog articles and other contributions)		IncludedIncludedrequires a separate contract
Constitutes a separate legal entity
(entity can enter into contracts with other parties)		NoNoYes
Customer PaymentsIntegrated OnlineIntegrated Onlineneed a separate bank Account
AccountingOnline, freeOnline, freeseparate tool or service provider
(from $150 to $2000/year typical)
Personal liability protectionSomeSomeYes
Time to setupImmediateImmediatedepends
Number of Contributors < 10unlimitedn/a
Formation FeeFree$29.95
(includes first year hosting fee)		depends
(filing fee of $75-$300)
Hosting Fee
(includes online mangement, decision making, corporate governance) 		3.9% of revenue$29.95/yearn/a
Yearly Corporate Taxes
(state and federal) 		None
(each contributor only pays personal income tax, no extra paperwork)		 None
(each contributor only pays personal income tax, no extra paperwork)		 Federal and State tax filings required
(eg: doing business in California, $800/year minimum)