Wow, Rebecka 8 pages of info here and all in easy-to-understand English (no legalese people!! ) Thank you for sharing this, I have no doubt it will be a valuable resource to those who are trying to determine which way to go.
Start your business NOW!
Virtual Assistant Business Jumpstart Register for instant access to course modules, contracts, a private forum, and more!
Based on my best-selling book: Become a Virtual Assistant
This is by far one of the best resources I have seen for determining which type of business to set up - I am usually confused by the end of articles with all of the "big legal words" and have to read them more than once. This was easy to follow and understand and gave a lot of clear information. Thanks for sharing, Rebecka!
It depends on your State, I live in OK and it only cost $100 to register my LLC with a $25/year renewal fee. For me, the cost was not a factor. However, I know it Texas it costs upwards of $750 to register, in that case I probably would have considered staying a sole-p.
It also depends on the services you offer. I provide bookkeeping and handle a lot of confidential information, so for me the liability protection from being an LLC is a must.