To LLC, or Not to LLC, that is the Question!

Great news! You’ve finally decided on an amazing, super catchy business name that makes a purple unicorn skateboarding down the street seem boring. Awesome! Now it’s time to form a business with our friends at the Secretary of State. Do you proceed with a Limited Liability Company (LLC)? That depends. Are you okay being held personally liable for business debts? If the answer is no, you’ve started your stroll down LLC lane. Next question! Are you going to raise money through your amazing force-like power of suggestion, or do you have plans to sell stock in your business? If not, you just walked another block on LLC lane. Are you entering the business world by yourself or have you found a partner that has your back? If you answered no, an LLC is likely your happy path. My recommendation is to give this task some thought before settling on an LLC. If you need help making this decision, don’t be afraid to call Great Family Management Consulting. We love the creativity and passion of a startup business. Let’s take off together!

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