30 \\ LLC Basics: How to Set It Up, Protect Yourself, and Avoid Costly Mistakes
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Tue 27 Jun 2023
- Episode Link
- https://smallbusinessfinance.podbean.com/e/30/
Thinking about starting a business but confused about LLCs? This episode covers everything you need to know before you file. Learn why LLCs matter for protecting your personal assets, the right way to separate business and personal finances, and how to avoid the common mistake that makes your LLC useless in a lawsuit. We also cover how to form an LLC in your state, when you might need an attorney, the role of an operating agreement, whether you should register in a different state, and how to get your EIN so you can open a business bank account. If you’re a new business owner and unsure about LLCs, this episode gives you a clear roadmap for doing it the right way.
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