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! (more…)
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