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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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[–] Material_Dependent25@alien.top 1 points 10 months ago

Echoing a lot of comments in thread so far, it is a balancing act of focusing on generating revenue and limiting liability depending on your situation. Do not spend a significant amount of time setting up an LLC, as it will slow you down, hire a lawyer to help or a registered agent so you can focus on getting the business going.

edit: spelling