This is a guest post by Arjun Mahadevan of StartPack, a “company-as-a-Service” platform to form and launch your US business from anywhere.
Picking the right legal structure can be one of the most daunting steps in starting a business. You’ve got your idea, and you’re ready to start serving clients, but you need to make sure you’ve got all the right things in place legally to move forward. It seems simple until you start looking at the different structures and questioning which one to choose. Should you keep things simple as a sole proprietor, or do you need a corporation?
One of the best ways to find a middle ground and benefit from your legal structure is to choose an LLC. In this post, we’ll explain exactly what an LLC is, explore the benefits and disadvantages of an LLC, and help you decide whether or not an LLC is the right business structure for you.