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votes
2answers
80 views

Buying 100% member interest in existing LLC. Do I need a new EIN?

I'm soon going to close a transaction with the owner of an existing single-member LLC, that will transfer 100% of the current member's interest to me, making me the sole member (owner) of the LLC. It'...
2
votes
1answer
55 views

Does LLC Protect from Personal Lawsuit

I am looking on taking my first job as a freelance developer and the project involves ecommerce. We are starting to get to the contract talks and I wanted to make sure if anything goes horrible wrong ...
7
votes
1answer
301 views

What is the difference between an LLC and a PLLC?

I'm a mobile developer in the state of Florida and I'm currently freelancing through an LLC I setup a couple years ago. I went to a talk about business startups recently and the term PLLC, or ...
7
votes
3answers
1k views

Can I start doing work before my LLC paperwork has run through to completion?

I've started the process of creating an LLC through Legalzoom. I've acquired a client now though, before hearing back from the Secretary of State, etc. (I'm in Ohio). Can I start work/invoicing ...
21
votes
4answers
22k views

What does an LLC's limited liability really protect you against (if you are sole owner and employee)?

I have looked into forming an LLC a few times in the US (right now I am better off not doing so for tax reasons while I am abroad but that is another story). However in my research, I may be ...
24
votes
3answers
606 views

When is it a good idea to start considering an LLC or incorporation?

I've done freelance work as an independent contractor for years, which works well-enough for sporadic freelance work. But as I get more gigs and an established portfolio, are there benefits to forming ...