Limiting Home Business Risk with an LLC

About.com recently published my article, “Limiting Home Business Risk: 5 Steps to Forming an LLC,” in its About Money section.

Working from home these days is more feasible and more popular than ever, thanks to mobile technologies and changing employment practices. Not surprisingly, many people decide to launch their own businesses from home. The U.S. Small Business Administration says more than half of all businesses are now based out of the owner’s home.

Sharing your residence with your business has advantages, but you cannot afford to let business liabilities become personal debts. The most popular method of keeping them separate is to form a Limited Liability Company.

I discovered that the cost to file an LLC varies more than tenfold, from $40 to $500, depending on your state. UNC Kenan-Flagler Business School’s online MBA degree program recently posted a national map of LLC startup fees, the only one of its kind that I have seen.

My article is a quick look at the basics to get you started.

Frazeology end note

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Eric F. Frazier

Eric F. Frazier is an independent writer, editor, book reviewer and co-author of GPS Declassified: From Smart Bombs to Smartphones.