Gold Business Tips - Turning your passion into pure gold!

A lot of us start the entrepreneur journey by coming with ideas or skills. Either we have a great concept for a business, or the skills to start a business of our own. Some lucky few have gone through educational programs that teach you what needs to be done to officially start a business, but most of the time that is not the case. There are a number of routes we can take to start a company, and there will be another post on the pro’s / con’s of the alternatives (Inc, DBA, etc). However LLC’s are very attractive for many reasons. There is no double taxation, meaning the company doesn’t get taxed on income and then you also get taxed on income that is paid to you, and you still get the advantages of removing yourself from the liability of the company. LLC’s can be owned by one person, or many, so it is flexible enough for most business ownership situations.

If you need help forming an LLC consider using Legal Zoom, this way you can ensure that your company is formed correctly and safely.