If you are planning on starting a small business, your business planning should involve not just business, finance and marketing but also protection and liability protection planning.
Small business lawsuits are on the rise and business owners need the liability protection afforded by LLC incorporations more than ever. It is risky to start a business. You now only will be investing your time and your money into a new endeavor but you are also going to be making decisions, entering into contracts and transacting and interacting with a myriad of other people and business entities.
The last thing you want to do is subject yourself to incredible personal liability by operating the business directly. This direct structure is known as a sole proprietorship and it leaves its owners 100% at risk for potentially large liabilities.
The LLC was created specifically to cater to small businesses. State legislatures made them relatively straightforward to form and easier to maintain and operate.
Do not risk your own liability and loss of your personal assets. Complete the LLC incorporation process prior to conducting in any business activity.
