While you were probably misled to believe that forming an LLC was complicated, it’s actually very easy to do. Did you know that nearly half of all Americans own or work for a small business? And, if you’re one of the millions of people who own their own business, you have a lot of decisions to make.
What’s the best way to organize all of my receipts? How do I find good employees? The challenges of owning your own small business can be overwhelming at times.
One of the biggest challenges small business owners face is when and how to file for an LLC. Turning your small side project into a legal entity such as an LLC is a big step, but a necessary one, if your business is growing fast or you want to add a layer of legal protection.
In this article, we’ll discuss the eight steps to forming an LLC, so you can rest assured that you know how to handle the situation. Of course, there are other legal entities you could consider too, so check with a legal adviser if you’d prefer to form an S Corp, C Corp, or Non-Profit instead.
Now then, let’s get started!