| It is a fact that many people who are in business do | | | | and submit the form to the correct authorities in order |
| so as a sole trader. From most points of view, this is | | | | that your limited liability company can be formed as |
| fine, except for one very important point, and that is | | | | quickly as possible. In order to find a company |
| the issue of liability in the case of a sole trader being | | | | formation attorney all that you need to do is look in the |
| sued. Many sole traders do not know that if they are | | | | telephone directory. Most of these attorneys will |
| sued they could be at risk of losing their personal | | | | advertise their services there and can be easily |
| assets such as the house and personal savings. For | | | | contacted. |
| this reason it can be a good idea to consider forming a | | | | The other alternative is to use a company formation |
| limited liability company, which will protect your personal | | | | agent, which is a company that deals specifically in |
| assets and which can be easily formed by using an | | | | forming companies, including limited liability companies. |
| attorney or a company formation agent. This article will | | | | These can sometimes be cheaper than using an |
| look at these points and discuss some considerations | | | | attorney to form a company. If you are definitely |
| that need to be borne in mind when forming your own | | | | looking to save costs, one of the best options may be |
| limited liability company. | | | | to look at an online company formation agent. As the |
| As mentioned above, the issue of limited liability is a | | | | name implies, these companies can form your limited |
| very important one, since a lawsuit to do with your | | | | liability company through an online interface. Generally |
| business could actually end up with you losing all of | | | | all that is required is that you download the forms, fill |
| your personal assets and lead to personal bankruptcy. | | | | them in, and submit them back to the registration agent |
| However by forming an LLC you are for the most | | | | who will then register your company for you. Online |
| part protected when it comes to the issue of personal | | | | incorporation agents have a reputation for being |
| assets. If you are sued due to negligence in your | | | | extremely inexpensive, and therefore something that |
| business the aggrieved party can sue your company | | | | should be considered when forming an LLC. Using a |
| and can take money from the company structure, but | | | | company formation agent is covered in more detail at |
| cannot take money from your personal assets. This is | | | | As can be seen, forming a limited liability company has |
| something that many sole traders never even take | | | | some great advantages, not least the fact that it |
| into account. | | | | protects your personal savings. And given that |
| So how do you form a limited liability company? One | | | | registering a limited company can now be done easily |
| of the easiest ways is to hire an attorney who has | | | | through an online incorporation agent there is no |
| experience of forming an LLC. The attorney will help | | | | reason to cite costs as a major barrier to company |
| to get you the correct forms, help you to fill them in, | | | | incorporation. |