Purpose Of An LLC For The Average Small Business! Get An LLC!
Purpose Of An LLC For The Average Small Business! Get An LLC!
In today’s post we’re going to talk about The purpose of an LLC for the average small business out there.
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Before we start I would like to mention that this is in no way legal or tax advice. Also, be sure to stay until the end because we have a great free offer that you might like!
Purpose Of An LLC For The Average Small Business?
When it comes to an LLC a lot of small business people say why does it matter?
Well it can matter a whole lot, trust us. If your business gets sued or has a judgment filed against it then you will wish that you had an LLC in place.
See without an LLC or a similar business entity in place any judgment or lawsuit against your company ends up falling straight to you personally.
With no business entity such as an LLC you are one hundred percent personally responsible for any business liability that may come up.
An LLC causes your business to become its own separate entity. separate in this case is critical because it is separate from you.
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Having an LLC creates a separation between you and your business so that if your business gets sued it’s your business getting sued not you personally.
This is a critical advantage that a person with an LLC has over a person who is in a sole proprietorship.
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So the purpose of an LLC for the average small business is to separate the business owner from the business itself so that if the business were to get sued or found liable for something, the business owner is not automatically personally liable for the business activity.
It just makes real good business sense to get an LLC for your small business to protect you and your family.
Remember how I said we have a free offer that might help you?
If you’re considering starting a business, we have a free 10-Step How To Start a Business PDF download that we would like to give you – absolutely free – so be sure to check that out here on our site as well!
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We believe that everyone in business deserves the protection an LLC can provide. We are making the business world a better place one LLC at a time!
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Starting a business? Some resources for you:
SBA business site….. https://www.sba.gov/business-guide
Google help for startups….. https://startup.google.com