Having grown up watching my father and uncles
run their construction business, I had an early exposure to the
world of entrepreneurs. As a result, I have always enjoyed the
freedom and challenge of having and running my own business as well.
There was a time when starting a company was no easy task. The
process usually involved a lawyer, took much longer and was far more
expensive. You can still hire a lawyer to setup your business for
you today, but luckily for us, there are online services that can
take care of everything in a lot less time.
There has been much fuss made in the business
world lately, around the advantages in forming a “Limited Liability
Company” (LLC) for small to medium businesses. I for one started out
in the tough-but-rewarding world of entrepreneurs as a sole
proprietor of a small gardening blog that eventually scaled up. In
the process of scaling up I came across a lot of information, from
speaking with friends who were also entrepreneurs about the benefits
of forming a LLC.
Whether you’ve just recently started out as an
entrepreneur or have been in your business for over a decade, you
have at some point had a vision of what sort of structure you wanted
your company to be. In the case of many small businesses, owners
tend to be sole proprietors in which they and their business is one
and the same.