When you start a business, one of the first choices is how to set it up. For most small businesses, it comes down to two options: a sole proprietorship or an LLC.
Sole proprietor
This is the simplest setup. You and your business are the same in the eyes of the law. It's easy and cheap to start, but if the business is sued or owes money, your personal home and savings can be at risk.
LLC (limited liability company)
An LLC is a separate legal business. In most cases, it protects your personal property from business debts and lawsuits. It costs a little more to set up and has a yearly report with the state.
Signs an LLC may be right for you
- You have employees or helpers
- You work in customers' homes or on their property
- You sign contracts or leases
- You plan to grow or bring in a partner
Get it set up right
We form LLCs for a flat fee that includes the state filing fee and a simple operating agreement. Book a free consultation to talk it through.
