Welcome to the BizWarriors Forum!
Why not join our community?
Sign Up Today!

Setting Up My First Business

Discussion in 'Introductions' started by SBostick, Sep 7, 2016.

Share This Page

  1. SBostick

    SBostick Member

    Hello all, i am currently trying to set up my first business as a supplier or sub contractor to begin selling goods to the government. Im kind of stuck at a fork in the road at the moment and need some valid tips from people who have been here before. Right now i am by myself and i need to know whether i should set up a sole propietorship or and LLC when im just starting off. Any help would be monumental.
     
    azgold likes this.
  2. William Clements

    William Clements Moderator Member

    @SBostick, Welcome to EntrepreneurFix!!!
     
  3. azgold

    azgold Moderator Member

    Hi, @SBostick and welcome to EFix!

    I have not been in your particular shoes but I would set up an LLC, just to protect yourself.

    I don't know where you live, or your specific business but I know from places that I've worked here (Canada) that the government is very slow to pay. That could put you in a tight spot financially. An LLC would protect your personal finances.
     

Share This Page

Loading...
Similar Threads - Setting Business Forum Date
Importance of Financial Goal-Setting Accounts and Finance Feb 6, 2016
Why Your Small Business Needs Content Marketing Content Marketing Wednesday at 8:25 AM
Reasons Your Online Business is Not Thriving Internet Marketing and Promotion Monday at 11:29 AM
Hyperlocal Advertising for Local Businesses Traditional Marketing and Promotion Monday at 11:17 AM
The First Year of Launching Your Business Starting Your Business Monday at 11:07 AM