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LLC or not ?

post #1 of 4
Thread Starter 
Hi, I am planning to start a small at-home bakery, now my main concern is whether I should open a LLC or just start my work without it ?
Thanku .
post #2 of 4
Where do you live, and how much will the LLC cost?
post #3 of 4
Thread Starter 
I live in Seattle, WA. I haven't investigated the price of LLC. Do u hv any rough idea how much it costs ?
post #4 of 4
It looks like it costs ~$200 to form the LLC and about $60/year thereafter in WA, which is pretty reasonable, so if you have a significant amount of personal assets then it's probably worth it. But if you can't afford both the LLC and business liability insurance (~$300-500/year) get the insurance.

http://www.nolo.com/legal-encyclopedia/washington-form-llc-31699.html

Keep in mind that you are limited to $15K in annual gross sales in WA so that might factor into your decision.
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