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Old 11-18-2008, 08:38 AM  
PowerCum
CjOverkill
 
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Join Date: Apr 2003
Location: Woldwide
Posts: 1,328
Do you have belongings that are worth more than 5k euro/USD?
If the answer is "yes", then go LLC. Otherwise don't.

For example, if you own a house then you SHOULD go LLC.
Without LLC you are liable for payments with everything you own (your home included) in case of legal problems. With a LLC you are liable with nothing. In exchange the LLC is liable with it's belongings and the money it has in the bank.
Of course, if you are smart enough, your LLC will have practically no money in the bank because it will have to pay you a huge salary.

Ask a lawyer about that. It's not about if you make money or not, but how much are you worth. you cannot get money from someone who has no belongings, but if you have your own house and somepone sues you without you having a LLC you may end living on the street.
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