Additional information
by Robert Portugal (Author)
Setting up an LLC isn't as complicated as you think... and with the right information behind you, it's your route to a secure and profitable business.
Estimates suggest that almost 5 million new businesses are set up each year... and approximately 20% of them fail within the first two years.
You don't want to be amongst that 20%... and there are steps you can take to ensure that you're not.
Many new ventures start out with an unnecessary level of risk, and this is an unstable position to be in as a new business... but with the proper legal structure behind you, you can avoid all of these risks.
A business opened as an LLC comes with a shield for its owner's assets... with the added bonus of a simpler taxation system than a sole proprietorship.
Essentially, open your business as an LLC, and you come to the business world with peace of mind, able to focus all of your attention on your business. You can channel all of your energy into doing what it takes to thrive during those first two years, and come through the other side from a position of security.
But there's no denying that setting up an LLC involves decoding a lot of confusing jargon and unraveling a system that, on the surface, seems very complicated.
- The different types of LLC (so you head down the right road from the beginning)
- Clear guidance for the first crucial steps you need to take in forming an LLC - with a step-by-step guide for crafting your operating agreement
- What you need to know to ensure you have a firm financial foundation from the outset
- Your complete guide to LLC insurance... and how to assess your needs
- Essential LLC-specific guidance for navigating contracts and agreements
