Forming an LLC involves filing certain documents with you Secretary of State’s office. Depending on the state where your business will be registered, it may be very easy or exceeding complicated but if you’ve never gone through the process, there are pitfalls to avoid. Here are a few.
Forming an LLC, when compared to other items you may need for your business is easy. If you have ever applied for a patent, you know that it takes a long time, requires a specialized patent attorney and will most likely cost no less than $10,000 and almost always much more than that.
You may have heard that incorporating your business is the best way to protect your assets including cars, homes, savings accounts and retirement savings and you’re right. If you don’t form a corporation or register your business in some way, your business is nothing more than an extension of your home finances which means that […]