Limited Liability Companies
“Do I need to be an LLC?”
There are several reasons why you may want to form an LLC to conduct all or part of your business affairs. Not every person or business needs to form a separate corporate entity in order to achieve the desired result. An LLC may be the proper entity to achieve your goals. It’s important to remember that you and your assets are unique. You are smart enough and hard-working enough to conceive of a business. Speaking with me about your special circumstances makes good sense. I can help provide you with business solutions tailored to your personal and business needs.
Personal asset protection is one issue cited for forming an LLC. This is true. It is also true that the same result can be achieved by purchasing insurance. Also, there are many, many ways that an LLC does not protect your personal assets. How you treat the LLC may result in exposure of your personal assets.
Tax planning is especially important in deciding whether you want to form an LLC or a corporate entity. For many people, the added complication of two tax filings just isn’t worth cost, the time and the record-keeping. Again, you and your circumstances, your goals, are unique. I enjoy working on these issues and I take pride in seeing my clients succeed.
Send me a message and we will talk about how I can help you meet your goals.