Steak, Comics, and Liability

[wolven7]

I cooked perfect steaks, tonight. Medium Rare. Tender. Perfectly seasoned. Delicious in all the ways a steak should be delicious.

Got a lot of work done on the Lucifer presentation, today. Just need to put the pictures in, and practice it. Get my timing perfect.

Who here can give me the pros and cons of incorporating my personage as a Limited Liability Corporation (hereafter refered to as "LLC")?

I'm doing a bit of consulting work, on patenting projects and front-end research for various people and things, and I need to have the infrastructure in place to get paid, deal with Non-disclosure contracts, and so forth. I can either brand Myself, and work the individual angle, or I can make a corp., with myself as the head.

So. Thoughts?

Comments

[necrophonic.livejournal.com]

What little I know of LLC's is that it's limited in its liability as well as its employment options. My whole impression is that it was setup to deal with the fact that megacorporations turned "incorporated" into something bigger and more law-ridden than originally intended for small business, and LLC is sort of the new small business Incorporation.

That gave you absolutely no real useful information. Sorry.

[arcstone.livejournal.com]

LLC is the way to go. By simply doing business under a d/b/a, your are fully liable for any and all fiancial situations in the event of a dispute.

Going as a Sole-owner LLC, your personal liability is far more secure. As opposed to zero security as a d/b/a.

Additionally, with an LLC, you get many more tax advanatages than you would otherwise. And it is flexible enough to modify to gain more members should you decide to expand your 1-man operation.