Is It Worth starting an LLC For Your Small Business

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.

The obvious downside of a sole proprietorship was already quite clear from observing other businesses form and fail – that sole proprietors are subject to unlimited liability in the event of losses, debts, and liabilities—meaning that if you are sued, for instance, your personal assets could be used to cover the payments.

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