Ask HN: At what point is it best to create a business entity?
1 comments
You want to take investment, you want to invoice a megacorps, you want to employ someone, you operate in a business with substantial risk, or you are told to by your lawyer or accountant.
Five years later I'm still a sole proprietorship with a DBA. Aside from making certain declarations to Immigration excessively complicated, there's no major downside to it for me. (You can put pretty much whatever you please on a business card.)
Five years later I'm still a sole proprietorship with a DBA. Aside from making certain declarations to Immigration excessively complicated, there's no major downside to it for me. (You can put pretty much whatever you please on a business card.)
Thank you for the personal perspective. I make the assumption that by sole proprietor you have it structured as an LLC? This seems by my research to be the best general way to create a simple business entity.
I like the concept of having a legal entity to work under- something that I can have on a card to give out. But that's mostly for side work I would do. Is there anything bad about doing that that I might not have thought about?