Just asking what best practices typically are, because someone told me that I should try to get small but consistent income results before starting an LLC.
I guess this makes sense, since it can cost a little to start and is a lot of work. However, wouldn’t this mean my business’s initial income/expenses would be coming in/out of my personal account, rather than a business bank account?
Don’t most people advise against this?
Do you have a business (actually making money with buyers)?
If yes…
Do you want to be personally liable for this?
The real reason to start an LLC is for legal protection for your personal assets. Starting it to save taxes or “make it real” are not reasons to start an LLC.
First is secure the .com and check for trademarks. Don’t want to step on toes and get shut down before you start