” Limited Liability Companies are a popular arrangement for many start-up businesses. L.L.C.’s offer single taxation benefits... The arrangement’s primary advantage is that the owner or partners do not incur personal liability. Instead, any such liabilities are the responsibility of the company. If sued, they can come after your business but not your house...”
I took a lot of small business administration stuff years ago and amazingly enough remember more than I thought I did.
I have to get past this lousy year of financial agony to have some money to upgrade my DSLR, digital camcorders, and editing software.
A lot of thanks to Craigslist in a lot of respects as it has helped me a lot in campaigning for side gigs, refining my pitches, some extra income when I get selected, making a few connections, ideas for expansion, other places to investigate and in the end boosting confidence in myself. I needed the last as much as any of them. It has been a rough ride here. The worst part is not being able to do much about it due to endless rules and forms. I tend to operate best when not tied down a lot.
Even if I had to work part time or do some short term contract stuff from time to time to stay afloat, it wouldn't bother me a whole lot. I have been in far worse jams.
Yes, I formed an LLC this time - I was a sole proprietor before. The world’s gotten too litigious - especially entering a down economy. I expect a lot of people will try to make a living suing each other.