Colorado | Business Law
Legal Question
Do you need to set up an L.L.C for a cash business only
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Legal Answer
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Read More Answered By: Robert Murillo |
The primary reason that businesses are set up as legal entities (LLCs, corporations, so on) is to provide limited liability protection. The fact that it is a cash business does not change that rationale,
I would strongly advise that you contact a business attorney to discuss the various business entities and strategies.
DISCLAIMER—This answer is for informational purposes only and discusses general legal principles, trends, and considerations and is not intended as specific legal advice regarding your question. This answer does not establish an attorney client relationship. For legal advice, you should retain legal counsel in your state for advice regarding your specific circumstances. |
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