Some Interesting VH Business Stuff
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The main reasons for LLC Formation or Limited Liability Company organization are lawsuit protection, credibility, tax savings, deductible employee benefits, asset protection, anonymity, the ease of raising capital, creating a separate legal entity for personal protection, Forming an LLC has a broad range of powers beyond that of a sole proprietorship, small claims court benefits, separate liability for corporate debts, and perpetual duration. After LLC Formation or LLC incorporation you create a separate legal person. You are a shareholder. You can control the corporation. However, when your business is sued you can be protected from being sued personally after Forming an LLC or LLC Formation.
The main benefit is protecting your personal assets from any impact of your business."If you want to be a monk... you gotta cook a lot of rice...”Comment
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I wish I could roll out on stage in my pajamas and crank out generic rock and look like I'm having fun doing it, all with a shit eating grin on my face and make money. I'm jealous as hell of SammyI really love you baby, I love what you've got
Let's get together we can, Get hotComment
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