LLC or individual entrepreneur
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Hi all. I'm thinking about starting my own business. While I can not decide in what format to open it. LLC or individual entrepreneur. What do you think?
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If you are going to do business alone, a sole proprietorship is fine. The entrepreneur can work without employees and be responsible for everything himself. To open your own business with friends, you have to register a limited company. Then you can have up to 50 people as partners. I personally chose a limited company, as it would have been difficult for me to do it myself. Of course, it took me a long time to figure out how to form an llc in wv, but it all worked out.
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It is better to be an individual entrepreneur, because this way you will not depend on anyone.
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