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

With many businesses, especially side ones, you can first start and then create the LLC once you have some traction.

I myself know what my tolerance is and since I want to charge premium in Spain ( things here are very controlled. There’s taxes for everything) I decided to first create the LLC and then operate.