What's the motivation to remain an LLC? (My co-founder did all of the legal stuff and chose to go directly for a C-corp, so I don't know what the benefits of an LLC are)
I think they mostly want to avoid the extra time and money and ongoing maintenance that go into C-corp-ness. Also, a change at this point will certainly have tax implications for the partners and the angels. Good or bad I don't know--more complicated, almost certainly.
