Blogging is a passion for many people. Bloggers sometime wonder if it would be ideal to turn blogging into a business. But setting up a business comes with a lot of legal and tax hassles. Therefore, turning to legal advice from reputed law firms (like Atrium Associates) may be ideal for you to find out which business structure would be suitable for you.
Blogging business can be set up as a Sole Proprietorship structure or in General Partnership. Bloggers can also enter into a C-Corp or S-Corp company model. But, each of these business structures has their own advantages and drawbacks.
In our blog, let’s understand why bloggers set up LLC Company for running successful business?
An LLC refers to a limited liability company which offers various advantages of a corporation without the tax hassles and formal obligations of the same.
Benefits of LLC for bloggers:
· Managed by LLC members
· Liability protection: Members are only liable for their individual debts
· Less formalities compared to a corporation
Register LLC Company
LLC operating document and articles of organization filing: an
important procedure to register LLC Company in USA
Articles of organization contain information about basics of an LLC company like the company name, address, names of members and so on.
However, LLC operating agreement is more descriptive document disclosing financial and functional aspects of the company. It states important guidelines on how business decisions would be taken within the LLC and the member’s powers and liabilities. This document is vital in protecting yourself and your company in case of a financial debt or any other crisis.
These two documents need to be submitted to the state on time for successful business registration.
