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?
Echoing a lot of comments in thread so far, it is a balancing act of focusing on generating revenue and limiting liability depending on your situation. Do not spend a significant amount of time setting up an LLC, as it will slow you down, hire a lawyer to help or a registered agent so you can focus on getting the business going.
edit: spelling