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As a freelancer, you may have considered starting your own business to take your career to the next level. One of the most important decisions you'll make is choosing the right legal structure. A Limited Liability Company (LLC) is a popular option, and for good reason. If you're operating your freelance business as a sole proprietor — you'll know you are if you receive payments under your SSN — you're the only one in the spotlight when things go wrong. That’s why we are partnered with ZenBusiness - they’re a PBC (Public Benefit Corporation), which means giving back to small businesses is written into their bylaws. ZenBusiness’ all-in-one platform lets you form your business online and offers helpful solutions and resources that help small businesses. Basically, ZenBusiness lets you focus on your work without having to worry about keeping up with state filings and renewals for your LLC. In this article, we'll explore the benefits of an LLC for freelancers, including how to create one, how it protects them, and the business cost savings it provides. We'll also take a closer look at recent legislation in California, specifically AB5, and how it affects self-employed individuals.
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AuthorI have 5+ years experience working as a medical transcriptionist. When I am not working, I enjoy sports like playing basketball or judo. I love making friends and connections. Archives
April 2023
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