A few years ago I vividly remember starting a things-to-do list and “Form a LLC” was at the top. I have learned a lot since then. If you are an independent salon owner like me (or are planning to become one) you will need to figure out a few things about the type of business you are forming and operating. I am not the person to guide you through all of the options, but I can share with you the options I chose, why I chose them, and how much they cost. Here’s what I’m talking about:
- S Corps
- Registered Agents
First I created a LLC
The very first step to starting my business was creating a LLC (Limited Liability Corporation) for it. My LLC releases me from being personally liable for my business’s debts and obligations, and keeps me legally separate from my business. How so?