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

I'd just get the LLC. Like others have said, it isn't expensive or time consuming, and it can provide that peace of mind, make it easier to set up a "business" bank account, and potentially save your ass with taxes.

If ~$250 bucks to set it all up is too much...I'd wonder if you're really that serious about your business idea?