Many people think forming a legally structured business is only for larger businesses that are run by real businessmen. Well the truth is no one needs to form an LLC more than you.
If you are serious about eventually becoming financially independent the sooner you learn to run a legally structured business the better of you will be.
For most people the legal structuring of a business often seems the hardest to do but is often quite easy today with the internet.
Even if you just have a small part-time business you do out of your house, or a small little webpage, forming an LLC will give you lots of confidence. This is the type of confidence needed by people to push forward with their dreams of financial independence.
Forming a basic LLC can be done today very cheaply and most companies have done most of the work for you, all you need to do is fill in a few forms and you are done.
Now there are many other legal ways to structure your business, too many to list here, but I think you need to take massive action and get started somewhere, and for most people an LLC will do. Remember if you change your mind later you just need to dissolve it.
By having a legally structured business you learn about all the business forms needed to run it, file taxes, and even hire a part-time employee.
Take yourself and your business seriously and form a legally structured business this week. It will give you extra drive to help you succeed in your part-time business.
Fierce Personal Finance with an edge .