I want to start a Home Repair business. Should I form it as a Sole Proprietor or Limited Liability Company? -

LLC for sure. If things go bad whether it be from a mistake on a customers property or even a debt you didn t pay you will personally be protected. The judgement/debt will be a seperate business debt and not your personal debt. It s not hard to create a LLC. If you do a search for your States, Secretary of States office you should be able to download the forms and pay online right there. It is just creating a separate entity between you personally and your business.

As a sole proprietor, you can be sued personally for damages that result from mistakes on the company s part. Incorporating only means the company and it s assets are involved in a suit for damages but not your home or personal possessions. There are other advantages but that is the main reason small businesses incorporate. Good luck!! ; )

If you are starting with no customers and just your idea, I would not form an LLC until after I was making steady money.Too many reporting requirements and fees, too much hassle.Having said that, depending on your location, you may have to be licensed and the licensing requirements may specify business type.You can always change your business structure in the future. Make sure you are making money before you spend a bunch of money.And get yourself insurance, both liability and errors omissions Good luck.

LLC for sure, protect yourself and your personal belongings. Sole proprietor is liable for everything so if something bad happens they can come and get your personal stuff.

I did my company with an Attorney, if you need more help go here http://www.nickspradlin.com he was very helpful.