Freelancing During COVID-19? Five Reasons For An LLC

Freelancers work at the mercy of the market. If you're freelancing during COVID-19, the see-sawing economy may make you want to shelve your business for a while. But this may actually be the ideal time to officially form an LLC for your freelancing business. Seems crazy, right? But official registration confers many benefits, we think that by the end [...]

What is an LLC?

An LLC (Limited Liability Company) is a business entity that shares characteristics with both partnerships and corporations.  The owners of an LLC are called “members.” Like a partnership, an LLC is a flow-through entity that allows its members to enjoy pass-through income taxation.  In other words, the income of the entity is regarded as the income of the members.  [...]

2020-06-04T15:24:32-05:00January 6th, 2012|Small Business Law|
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