Most states also require an annual filing and fee to keep your business in the good eyes of the state you are in all without people knowing where your home is. It provides a cushion of sorts for when your business does not do as well as you’d like, protecting your personal assets from your business’ debts and liabilities.Īn LLC allows you to open bank accounts, sign contracts, hire employees and obtain permits and licenses for your business under your LLC.
If you ever want to go to larger horizons with your business, you will have to start thinking about incorporating your business online.īy turning your business company into an LLC (Limited Liability Company), you will be able to classify your business as a separate entity from your personal assets. Owning a business is a very hands-on and engaging position to be in and this causes a lot of hassle and unwanted situations for your personal assets and life.
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