January 21, 2018, 02:37:25 AM

Author Topic: WhaBusiness type  (Read 1359 times)

Peytonriver

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WhaBusiness type
« on: December 14, 2011, 05:17:29 PM »
What  type of business structure is the best for what we are  trying to do here? LLC, sole proprietor, corporation etc.
On another note I did not know where to post this question. Maybe we need another room just for general business, just a thought.

Peytonriver

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Re: WhaBusiness type
« Reply #1 on: December 14, 2011, 05:32:45 PM »
Sorry for the misspelling in the title I am on phone and sometimes I hit the wrong button.

Mike.SP_Aqua

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Re: WhaBusiness type
« Reply #2 on: December 14, 2011, 06:07:30 PM »
I plan on forming an LLC at the first of the year. 

The reason I am jumping strait to LLC is because I will be sell culinary herbs.  Should I sell rosemary to the one person on the planet who is deathly allergic to rosemary and they didn't know it, I don't want to lose my home in a law suit.  I have heard that this could happen to sole proprietorship.

This may not be the direction for everyone else on this site, but I believe it is important for me.

Michael..
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jrj

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Re: WhaBusiness type
« Reply #3 on: December 14, 2011, 06:20:43 PM »
I'm not a lawyer, but I'll give you the exact advice a real lawyer would: "It Depends." (end of JRJ's lawyer impersonation.)

Here's an article I wrote back in 2004 on the subject-- the site is no longer up (I sold it when I took a job at Microsoft the following year) but I was able to find it on archive.org...

http://web.archive.org/web/20040310030609/http://www.small-biz-advisor.com/Articles/473.aspx

For most bloggers, there's nothing wrong with running as a sole proprietor until a non-trivial amount of revenue is flowing.
--- JRJ : Adobe PM, former Microsoftie, recovering serial entrepreneur, Geek.
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