There's so much to think about when starting a business that you may have forgotten the most important part of getting up and running… actually starting the business!
Many of us make our first sale or book our first client before we ever think about the actual business side of things. While that’s totally understandable because, hello, starting a business is really exciting, it can also leave you vulnerable to legal issues.
We’re big fans of doing things once, early, and correctly, to save you any hassles that can crop up in the future. If you notice any of the following signs you should form a Limited Liability Company (LLC) early on in your biz, then hop to it.
That’s a good question! In our experience, most small businesses and solopreneurs will benefit greatly by becoming a limited liability company (LLC) rather than staying a sole proprietor or forming some other kind of business entity.Generally, LLCs offer more legal protection than “doing business as” (DBA), and you can still run your biz solo without having to meet with other owners or shareholders, like you would as a corporation.
Are there any good reasons to hold off on forming an LLC? Absolutely! It may be too early to decide what you want to do with your business, or you may not have the clientele or budget to form an LLC.
If you haven’t noticed any of these signs yet, read on. It might just be time for you to form an LLC.
Are you truly ready to make things official by turning your side hustle into an LLC? Here are some signs that yes, you are:
Filing your LLC is super simple and can be done in five steps…and probably less than ten minutes online. It can also potentially save you thousands of dollars later. Trust us — take the time to decide whether you’re ready to form an LLC, and if you are, do it!
Done filing your LLC? (Yay!) Ready to take the next steps to ensure your business is legally legit? Our Lawless to Flawless™ course can help! This step-by-step guide will get your business set up for profits in just one week. No more guessing, no more struggling with what to do next. Enroll in Lawless to Flawless™ today and get started!
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