At the end of last year, I spent a couple of weeks trying to decide whether or not to move MasonWorld.com from a Sole Proprietorship to a Limited Liability Company. So, I thought it was appropriate to make a blog post describing my findings while researching this topic. I thought it might save you some time in the future.
In the end, I did form an LLC and I used LegalZoom to do it -- but I did not do it for the reasons that you might think.
Having said that, I need to let you know that I’m not an attorney, and in fact I don’t even play one on TV. If you need legal advice, you definitely need to consult an attorney. Don’t do anything based on my opinion. You need to seek professional advice for legal matters and for tax accounting, for that matter. Also, you should know that LLC laws vary from state to state (and from country to country). So, you really need to talk to your attorney.
Even though I am not an attorney, I do think it’s useful to understand what kind of questions to ask an attorney. After all, attorneys cost $150, $200, or $250 an hour. It pays to know what you need to ask about before you go in to ask advice from an attorney. There’s no reason to get a background education from an attorney. You need to go in with an education and then leverage that education to get your tasks accomplished as quickly as possible for the lowest attorney fees possible . Read the Full Article →
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