GO GET YOUR LLC - NO, SIT STILL FOR A DAMN MINUTE - IS IT FEASIBILE?
How often do we here “go get your LLC” as the first step to starting your business? WRONG, WRONG, WRONG, that is not the first step to starting your business.
STEP 1 - The idea, this is where it starts.
STEP 2 - FEASIBILITY - Is it capable of being sustained? Is there a DEMAND not market but DEMAND? Can you scale (grow) this business? Will this business produce actual profit with longevity. If you are unaware of how to determine if a business idea is feasible, you should utilize the FEASIBILITY button at the end of this blog and schedule a FREE consultation with me.
The very idea of your business could be a multi-million dollar idea but if you don’t execute properly it won’t last or you’re going to spend a lot of time and money trying to restructure! Around here I like to tell people to work SMARTER not HARDER. There are individuals out here capable of supporting and guiding you to success!
Not EVERY business requires an LLC….. and the plan of the business should determine the structure of your business. Oftentimes people will rush into creating an entity and then have to spend money later to change the status. The money you are spending is either coming from your profits or your personal pockets. Why not just do it right the first time.
Truth be told - you can get the same tax benefits as a single member LLC owner as a sole proprietor, but yall don’t hear me!
Don’t forget - click the feasibility button below and book that FREE consultation. What do you have to lose besides proper business structure and COINS!
As always with Love,
Sachiko