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* I want to have good health insurance for my family without paying thousands of dollars. * Running your own business takes much more time than being a "workin
by ok_dad 5y ago
* I want to have good health insurance for my family without paying thousands of dollars.
* Running your own business takes much more time than being a "working stiff" and I don't want to spend 95% of my awake time working.
* If my business fails, I don't want to incur huge debt or losses, I want the security of a steady paycheck.
* Once my business gets larger than just myself, such as if it takes off hugely, I don't want to deal with the politics and other bullshit that will take me away from the day to day building of product.
* I'm worried past a employer would try to use my time there against me to steal my business, since I signed NDAs and stuff, even if my ideas are fresh and unrelated to the specific business of that employer (that employer treated me poorly when I left).
- quixoticaxolotl 5y ago> * If my business fails, I don't want to incur huge debt or losses, I want the security of a steady paycheck. I am possibly wrong, but I believe starting a company as an LLC is meant to protect against this possibility.
- ok_dad 5y agoIf you’re the sole owner, and the only person who benefits from the business, you still can incur legal issues directly to yourself, I believe.
- isubkhankulov 5y agoIn the US, that’s not correct. LLC’s protect you personally from most business debts and liabilities as long as there is no personal guarantee. I think you’re thinking of sole proprietorships.
- ok_dad 5y agoThat’s good to know, thanks.