A corporation, and particularly a C corporation, is the most formal type of US business entity. For example, most of the publicly-traded US companies are C corporations. I believe the rough Slovakia equivalent would be a private A.S., or at least more formal than a J.S.A. That’s why the regulations assume that you have some amount of capital and that $109 is not a barrier. LLCs, sole proprietorships, and S corporations exist for smaller companies and don’t have as many filing requirements. Many or most startups begin as LLCs or S corporations, especially those which don’t raise outside capital from the very beginning.
A corporation, and particularly a C corporation, is the most formal type of US business entity. For example, most of the publicly-traded US companies are C corporations. I believe the rough Slovakia equivalent would be a private A.S., or at least more formal than a J.S.A. That’s why the regulations assume that you have some amount of capital and that $109 is not a barrier. LLCs, sole proprietorships, and S corporations exist for smaller companies and don’t have as many filing requirements. Many or most startups begin as LLCs or S corporations, especially those which don’t raise outside capital from the very beginning.