What's new

When to open LLC for your Business?

Status
Not open for further replies.

overcast

Up-and-Coming Sensation
Verified Poster
Nov 28, 2019
457
12
BizNotes
1,570.00
USD
$0.0000USD
I think a lot of us are kind of more or less solo business owners. And we don't know what structure may benefit for our business. I am wondering what are some of the LLC business that can be done and what are some business that does not require any form of the registration as of yet.

When do you think is the right time to register the business?
 
It is always advisable to register your business as soon s you start operating it. An advantage is that registration of your company helps you to access loans from banks and even from the government. Because they no longer see you as an individual but a corporate body. So, they would be comfortable to do business with you all things being equal.
 
The right time to register a limited liability company is when the business has grown and you want to explore the option of equity investment where you have to give out stakes of your business in shares in exchange for much investment. This process of registering the business has to do with going to the government agency in charge of companies registration to do the paperwork.
 
Status
Not open for further replies.
Back
Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock    No Thanks