The Couch: Register a Business?

The Couch is a place to exchange ideas and brainstorm, not only for its contributors but also for our readers who engage in the ensuing discussions. Sometimes, a person needs to ask a large number of people what the best course of action is to be able to make as wise a decision as possible for their business. Thank you to this week’s Couch contributor!

A question from one of our readers: I am relatively new to this profession. Some colleagues have told me that it is completely superfluous and unnecessary to set up a business officially, while I see that others have one (mostly LLCs). An LLC is meant to protect your assets from liability, but how likely are you actually to be sued? Can anyone attest to the potential usefulness an LLC? Are there any other business configurations you recommend, or is it all unnecessary in this profession?

Thank you all!

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