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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 10 months 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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[–] Atomfixes@alien.top 1 points 10 months ago (1 children)

Depends on what your doing. When your just starting out your like 10,000x more likely to make mistakes that cost you (or someone else) time/money, it’s cheap enough to start an llc. There’s even different llc’s where you can put multiple companies under it, a series llc

[–] throwawayissues238@alien.top 1 points 10 months ago

Should I just start one umbrella LLC for any/all of my gigs? Say if one of my ventures/services don’t make money, I was just gonna do something else anyway, so I could name the LLC something general like that.