Llc Or Not ?

Decorating By bellapops Updated 25 Mar 2013 , 3:56pm by jason_kraft

bellapops Posted 25 Mar 2013 , 5:18am
post #1 of 4

AHi, I am planning to start a small at-home bakery, now my main concern is whether I should open a LLC or just start my work without it ? Thanku .

3 replies
jason_kraft Posted 25 Mar 2013 , 6:03am
post #2 of 4

AWhere do you live, and how much will the LLC cost?

bellapops Posted 25 Mar 2013 , 6:27am
post #3 of 4

AI live in Seattle, WA. I haven't investigated the price of LLC. Do u hv any rough idea how much it costs ?

jason_kraft Posted 25 Mar 2013 , 3:56pm
post #4 of 4

AIt looks like it costs ~$200 to form the LLC and about $60/year thereafter in WA, which is pretty reasonable, so if you have a significant amount of personal assets then it's probably worth it. But if you can't afford both the LLC and business liability insurance (~$300-500/year) get the insurance.

Keep in mind that you are limited to $15K in annual gross sales in WA so that might factor into your decision.

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