Should You Create Your Own LLC Now or Wait? (Episode 008)

One of the biggest questions I get from my online business clients is whether they should create their own LLC now or wait until next year. This is an especially tricky question here at the end of the year when both options are equally plausible.

In today's episode I will walk you through my thought process on this and how and why I made the decision to wait to file a new LLC for my business until next year.

This is going to be a good one – let's do this!

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The Biggest Takeaways

  1. Why I recommend forming an LLC
  2. The cost difference between forming an LLC now or waiting for next year
  3. Pay attention to the annual reporting fee in your state
  4. The tax benefits of filing an LLC

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Our Cyber Week sale is now open!

Now through December 3rd at 11:59pm EST you can save 40% off an annual plan for the OB Foundations Membership plus get 6 bonus Mindset Trainings that will help you overcome your mental roadblocks!

Learn how to start, build, grow and legally protect your online business!

Click here to learn more and get started!

Legal Disclaimer

The content of this podcast episode is provided for informational purposes only and is not intended to constitute legal advice. You should not rely upon any information contained on this podcast episode for legal advice. Listening to The Legal Jim Podcast is not intended to and shall not create an attorney-client relationship between you and James W. Hart or The Hart Law Firm, P.A. d/b/a Hawthorn Law. Messages or other forms of communication that you transmit to this website will not create an attorney-client relationship and thus information contained in such communications may not be protected as privileged. Neither James W. Hart nor The Hart Law Firm, P.A. makes any representation, warranty, or guarantee about the accuracy of the information contained in this podcast episode or in links to other podcasts, resources or websites. This podcast is provided “as is,” does not represent that any particular outcome will result from listening to this episode. Your use listening to this podcast is at your own risk. You enjoy this podcast episode and its contents only for personal, non-commercial purposes. Neither James W. Hart, The Hart Law Firm, P.A., nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.

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LEGAL DISCLAIMERS

Hawthorn Law is a Document Filing Service and CANNOT provide you with any legal or financial advice. The information provided on this website is designed to provide information in regards to the legal aspects of online business. However, it is presented with the understanding that Hawthorn Law is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a licensed attorney, tax professional or financial advisor should be sought.