To LLC or not to LLC?
Author of this post: Ulla Kjarval | About Blog Authors »
So you want to start out on your own, be a designer, your own boss, and you want clients. It is scary AND exciting, so what do you need to do? Well, in our law suit mad culture, it is imperative to protect yourself legally if you want to do services for others. Ok, you might ask what does this mean? Well, you need to separate your personal assets from the work you do, so if, for some reason, you are sued, they can not take your home or savings. This might sound scary but there are ways to protect yourself. My sister and I choose to become a LIMITED LIABITLY COMPANY, which is a smaller, less expensive and more flexible version of a corporation.
We are now protected, and when we get clients, receive checks, pay bills and do ANYTHING that involves the company we use the name SHEEP DOG PRINT AND DESIGN LLC, not our names. because it is a way of separating ourselves from the services we provide under our business. There are companies that provide inexpensive ways to incorporate and create LLC’s, we choose to retain a lawyer from our home town, because it was so daunting, but we filed yesterday and it feels like the sky is the limit
