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Do you have an LLC or corp for your business? Should I get one?
Has anyone ever been sued by a customer?
I dont do affiliates or anything, just offer memberships to customers and get paid by processor. Should I get an LLC? :helpme |
Talk to your lawyer or accountant.
LLC or corp has many benefits, including tax .... Every situation is different. |
If you are setting up a corp to simply try to shield yourself from lawsuits, it won't work. All suits will name you personally too. ("piercing the corporate veil")
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Good point, Piercing is real common in closely held organizations that don't strictly follow corporate corporation guidelines. :2 cents: |
Do an Inc and do it right. And then get insurance. Insurance is what protects your assets not just the Inc.
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If you are making over $8K per month having a corporation can be beneficial tax wise.
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My company is LLC and S Corp. I am an employee of my company.
My CPA had an attorney set it up this way. |
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