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by Minxor on November 14th, 2009

Minxor

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I'm starting a home business and know that I need a home occupational license/permit and a DBA name, but in addition to this I would like to know the following:
Should I get an LLC or Articles of Incorporation. I was told that the Incorp protects u more.

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Answers. 2 helpful answers below.

  • by qwerty on November 14th, 2009

    qwerty

    INC is much more expensive and difficult
    you have to name a treasuer, CEO, CFO, Etc.
    a LLC affords almost identical protection without all the expenxe and other stuff
    If you form an LLC you won't be personaly responsible for the Co's action

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  • by Thriftymaid on November 14th, 2009

    Thriftymaid

    If you work as a sole proprietor all of your personal belongings are subject to the liability of your business. It is a good idea to establish yourself as a corporation or LLC. Either will protect you but there are ongoing things that you have to do. Read a book on business organizations or talk to an attorney to decide which is best for you.

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