Have you made the leap into small business ownership? There are certain steps that you need to take to make sure that your business is appropriately designated by the state and federal government. If, like so many others, you chose to turn your passion into a profession during the pandemic, you may have skipped LLC formation at the start. It is important not to let this slip any further, as having the wrong designation (or no designation entirely) can put you at risk of some serious legal concerns.
At The Law Office Of Larracuente & Golden in Milford, CT, we can help you to be sure that your business is set up properly in the eyes of the state. Part of this is through the formation of a limited liability company, which helps you in a few different ways. LLCs separate your personal liability from that of the business, shielding your personal assets in the event of bankruptcy or civil suit. If it is time to put all of your energy into your small business, make sure it is set up correctly!
Turning Your Hobby Into A Livelihood Takes The Right Moves
These days, the line between a hobby and a business can be a little blurry. With the advent of the internet, it has become easier than ever to market and sell your goods or services, and this means that many people are taking advantage of the opportunity to use a few extra dollars. There is a point in which you need to recognize that your hobby is now a small business, and when that happens, our team is ready to help.
LLC Formation Helps Both You And Your Business
In the state of Connecticut, LLC formation can be a crucial step in making sure that your small business has the right designation. This part of business ownership can often feel confusing on your own, so reach out to a trusted attorney to learn more about how to appropriately form a limited liability company. They can also help you to know the reasons why this process is so important.
While there are options online without the use of an attorney, having expert legal counsel by your side can be a huge help. They understand the rules and reasoning behind LLC formation, meaning that they are a great source of information regarding legal business moves.
Find Out More With Our Milford, CT Legal Team!
If it is time to turn that home hobby into a business, our team is here to help. To learn more about the advantages of LLC formation in the state of Connecticut, give us a call at The Law Office of Larracuente & Goulden, LLC in Milford, CT at (203)951-6688 today!
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