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Do you guys start an LLC right away, or do you wait for your business to pick up a little first? (alien.top)

submitted 1 year ago by throwawayissues238@alien.top to c/entrepreneur@indiehackers.space

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Just asking what best practices typically are, because someone told me that I should try to get small but consistent income results before starting an LLC.

I guess this makes sense, since it can cost a little to start and is a lot of work. However, wouldn’t this mean my business’s initial income/expenses would be coming in/out of my personal account, rather than a business bank account?

Don’t most people advise against this?

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[–] DimeChimp@alien.top 1 points 1 year ago

Many have posted about comingling funds, which is a concern, but another thing you might want to consider is what industry you're in and what protections an llc affords you. The very point of created an llc is to limit your liability, of which separating of finances plays a vital role. If you're in an industry where liability is a big concern, you might be better served to go ahead and protect yourself and your personal assets. Good luck!