Just asking what best practices typically are, because someone told me that I should try to get small but consistent income results before starting an LLC.
I guess this makes sense, since it can cost a little to start and is a lot of work. However, wouldn’t this mean my business’s initial income/expenses would be coming in/out of my personal account, rather than a business bank account?
Don’t most people advise against this?
I usually file first so i can set up the bank accounts and all the business accounts i need and workspaces
Yeah that’s what I was thinking.
And if my current venture doesn’t work out, I could alway start another one, right?
I’ve been thinking about adding a side gig to my work for an additional stream of income. I was always gonna do something, even if my first thing fails, I was going to just do something else for income.
So I don’t see why I shouldn’t just make one and name it something general.