LLC Ownership

[gchopeful123]

Hi,

Does anyone own a LLC here, either for consulting or other purposes? Just wanted to get some pointers on the steps to be taken to open one, pros/cons, tax obligations, any insurance needed....

Thanks in advance...

[qesehmk]

gch

I will tell you what my understanding is. It may not be the best ... so take it with a pinch of salt.

LLC by def is Limited Liability i.e. you need it to protect your personal assets from any liability that might arise as a result of your business activities.

LLC is NOT a required thing to run your business. It is a protection that law offers to you in case you want it.


Hi,

Does anyone own a LLC here, either for consulting or other purposes? Just wanted to get some pointers on the steps to be taken to open one, pros/cons, tax obligations, any insurance needed....

Thanks in advance...

[gc0907]

gchopeful,

I found legalzoom.com has some videos and FAQs. You might want to check these out:

http://www.legalzoom.com/llc-guide/limited-liability-company-edu-center.html -> There is a Free LLC Guide option in the left column...provide your email and they send you a link to pdf with some basic information on LLCs.
http://www.legalzoom.com/business-formations/business-formations.html
http://www.legalzoom.com/incorporation-guide/corporation-llc-comparison.html

[gchopeful123]

Thanks buddy, I will check it out.


gchopeful,

I found legalzoom.com has some videos and FAQs. You might want to check these out:

http://www.legalzoom.com/llc-guide/limited-liability-company-edu-center.html -> There is a Free LLC Guide option in the left column...provide your email and they send you a link to pdf with some basic information on LLCs.
http://www.legalzoom.com/business-formations/business-formations.html
http://www.legalzoom.com/incorporation-guide/corporation-llc-comparison.html

[Trident]

Thanks buddy, I will check it out.

Dude, I was also looking in the same direction...Could you please share if you find anything..

Cheers !

[gc0907]

I read the LLC Guide by legalzoom and it does have good basic information. Apart from that you can call their support and I am sure they will answer some general questions (I didn't try it though).


Dude, I was also looking in the same direction...Could you please share if you find anything..

Cheers !

[Trident]

Thanks bud...