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Looking for tips on how to structure my business I am starting (alien.top)

submitted 11 months ago by MandingosDingo@alien.top to c/entrepreneur@indiehackers.space

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I am looking into starting my first business, and I am not sure what the best options will be for structuring it. Since it’s my first, it likely will fail and will only be a good learning opportunity, so I am not sure if I should try to register it as an LLC or if I should just set it up as a sole proprietorship. I have several business ideas, so my initial thought was to create an LLC with a generic name, and then “do business as” the name of the website I am creating, and then use the same LLC for future ideas. This would allow me to have a master business email domain I use for each business as well and not have to buy multiple domains. Is this a good idea or do you all have any tips?

If it helps, I’m looking to sell a specific type of merchandise that I’m designing, and if it does work I’d estimate 90% of the sales will come from a Squarespace site I’ll be putting together.

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[–] bigmink88@alien.top 1 points 11 months ago

Go LLC to start. If you grow to a level of needing something else, you can pretty easily convert. Also, LLC is good for your taxes as a pass through entity until its not. I would speak with a local accountant and business lawyer, you’ll need both either way so make your introductions now.