Ready. Set. Incorporate!
https://www.readysetincorporate.com/faq-items/is-my-business-big-enough-to-justify-the-additional-overhead-of-a-corporation-or-llc/
Export date: Thu Mar 28 16:59:29 2024 / +0000 GMT

Is my business big enough to justify the additional overhead of a corporation or LLC?


“Big” is a relative term. Size isn't always the only, or even a significant, element to determining whether you should entity-ize your business. If you run a small business, but it's a high-risk business, like, for example, a liquor store, then the overhead 1 of an LLC 2 or corporation 3 is probably not only a good idea, but worth the overhead cost, regardless of its revenue.
Excerpt: “Big” is a relative term. Size isn’t always the only, or even a significant, element to determining whether you should entity-ize your business. If you run a small business, but it’s a high-risk business, like, for example, a liquor store, then an LLC or corporation is probably a good idea, regardless of your revenue.
Links:
  1. https://www.readysetincorporate.com/faq-items/how- much-additional-overhead-costs-will-i-be-incurring -if-i-transfer-my-business-into-a-corporation/
  2. https://www.readysetincorporate.com/faq-items/what -is-an-llc/
  3. https://www.readysetincorporate.com/faq-items/what -is-a-corporation/
Post date: 2015-07-12 16:11:16
Post date GMT: 2015-07-12 23:11:16

Post modified date: 2022-03-29 21:46:47
Post modified date GMT: 2022-03-30 04:46:47

Export date: Thu Mar 28 16:59:29 2024 / +0000 GMT
This page was exported from Ready. Set. Incorporate! [ https://www.readysetincorporate.com ]
Export of Post and Page has been powered by [ Universal Post Manager ] plugin from www.ProfProjects.com