If you are thinking about starting a business, and are wondering just who qualifies for LLC, or becoming incorporated, you will be glad to know that anyone can. Becoming incorporated or a LLC definitely has its advantages over operating in your own personal name, and doing business without a business license.
Are you an Independent Contractor that completes projects and does work for others? If so, you may want to look at becoming incorporated, or a LLC. While the entities that you can choose from are all a little different, most of them give you some protection when you make your business a legal one. All of the different entities except for one will protect your personal money as well as assets. Which is great in the event that the business were to go bankrupt, or to be sued. No one ever wants either of these things to happen. However, being prepared in the best way is ideal when you are working for others.
Yes, it is true, anyone can become a LLC, or incorporated. Depending mostly on the level of protection that you are looking for, for yourself and your company you may choose one over the other. Here are some good questions to ask yourself: Will you have a...
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