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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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[–] lucavaccarini@alien.top 1 points 1 year ago (1 children)

I usually file first so i can set up the bank accounts and all the business accounts i need and workspaces

[–] throwawayissues238@alien.top 1 points 1 year ago

Yeah that’s what I was thinking.

And if my current venture doesn’t work out, I could alway start another one, right?

I’ve been thinking about adding a side gig to my work for an additional stream of income. I was always gonna do something, even if my first thing fails, I was going to just do something else for income.

So I don’t see why I shouldn’t just make one and name it something general.