Why open an LLC?

An LLC (Limited Liability Company) is the simplest way to gain some protection for your personal assets. Any time you start a business you take on the additional risk of lawsuits and bankruptcy. No one opens a business planning on either of those things happening to them, but you must have your eyes open to the possibility.  An LLC will help you separate your personal assets from your business assets and limit your potential losses in either of those negative eventualities.