What I Did To Make Sure My New Business Didn’t Affect Personal Finances
Elise Welburn Martin

If your entire startup budget is $1k, including legal costs for setting up the LLC, the LLC will probably be ineffective for the purpose you are setting it up for.

To actually provide liability protection, an LLC must be set up in a very specific way, and there are ongoing paperwork requirements to show that the corporation isn’t simply an extension of your own personal finances. Just the initial charter isn’t enough. You need real legal help, just like nearly anybody with a business with any complexity needs a CPA for taxes.

One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.