Deb Dutta

Do I need an LLC as a solopreneur?

Grow your business
Oct 23rd 2022

As a solopreneur, you're probably wondering whether you need an LLC and if so, how to go about setting one up.

To answer your question, yes! You do need an LLC as a solopreneur. The reason for this is that in most states, when people form their own businesses as sole proprietors (as opposed to corporations), they don't have the same legal protections. That means that if something goes wrong with your business, it can be very hard to get the money back from someone who owes it to you because they're not legally responsible for any damages caused by their actions.

But don't worry—we can help! We've got all kinds of resources on our platform that will walk you through starting your business, as well as complete platform and resources to start marketing yourself and getting new leads into your business.

So let's break down what steps to take in order to setup an LLC:

Step 1: Register your company name

Register your company name with the state or province where you live. This can be done by filling out a form and paying a fee at your local government office. There are a few online agencies such as LegalZoom that you could consider to help you with the process.

  1. Name your LLC.
  2. Select your state.
  3. File articles of organization.
  4. Choose a registered agent.

Step 2: Create an operating agreement

that outlines who owns what percentage of the company and how profits will be distributed among shareholders. You don't have to do this right away, but it's something that should be done before opening up shop!

  1. Create an operating agreement.
  2. Apply for EIN.
  3. Comply with tax requirements.

Step 3: Open a business account

Open a business account in your name as the sole proprietor or partner of your business (if applicable) so that you can deposit income into it without having to pay taxes immediately on the money coming in through sales channels like Instagram or TikTok

Once those steps are taken care of, then it's time to get down to business! There are lots of ways for entrepreneurs like yourself to streamline their business systems with Criya—you just have to let us know what would work best for your business model. Here's what we recommend: go ahead and sign up for our free trial on https://www.criya.co ! We'll send over a quick email explaining everything we offer and then get started on creating your account right away.