When you are starting a business, there are few items on your ‘honey-do-list’ that HAVE to get done. One of those things, is picking your business legal structure. In this post, I simply outline 5 reasons why I like the LLC structure for Bloggers
5 Reasons why I like LLC’s for Bloggers
- Limited liability protection: As an LLC, your personal assets will be protected in the event that your blog is sued or incurs debt.
- Tax benefits: LLCs can choose to be taxed as a sole proprietorship, partnership, or corporation, which can provide flexibility in how you file and pay taxes.
- Professionalism: Registering your blog as an LLC can add credibility and professionalism to your brand.
- Ability to raise capital: LLCs can raise capital by selling ownership shares, which can be useful if you plan to expand your blog or invest in new equipment.
- Separation of personal and business finances: Keeping your personal and business finances separate can make it easier to track expenses and income for tax purposes.
Protect Your Business
Creating an LLC is not the only thing you must do, when starting your business. Dont’ forget to review these 9 Things Your Business Must Have to Protect You
