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Do I need to form an LLC? ?

We can’t tell you whether or not you should form an LLC. While there are significant advantages to conducting business through an LLC, you must make the decision for yourself.

The most important reason to form an LLC is to protect yourself from business liabilities. If you are operating an unincorporated business, your creditors may be able to reach your personal assets. Assets such as your personal residence and personal bank account can be used to pay business debts or to satisfy a lawsuit against your business. If your business is an LLC, business creditors cannot reach your personal assets, as an incorporated business and its owners are separate entities.

Other reasons to incorporate include perpetual existence, projecting a professional image for your company, and the ease with which it can be done online with IncorporateMyself.net.



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