Legal Question in Business Law in Wyoming
I am a senior in high school interesting in majoring in business. I would like to legally start my own LLC company to provide landscaping/lawn care service, car detail service, and home/pet sitting services. At my age and for a business just to make some money, not necessarily a living (less than 10,000) per year, until i get through college, would there be too much tax hassel or general hassel to start it?
I just need some guidance.
Thanks so much!
Cody Friedlan
1 Answer from Attorneys
Cody,
Congratulations on your iniative. It would be a good idea to create a Limited Liability Company so that you can protect your personal assets. It does require some amount of paperwork, and payment of a fee to the State of Wyoming annually. It also requires an additional schedule on your tax return. It is a bit of work, but it is worth it because you and protect your personal assets from lawsuit in case something goes wrong.
Tom
Related Questions & Answers
-
Work related Can a company legally cut an employees hourly pay ? Asked 4/13/09, 1:03 pm in United States Wyoming Business Law
-
Legality and ethics Your friend has been telling you that she knows someone is a... Asked 3/14/09, 2:27 am in United States Wyoming Business Law
-
Suing a Newspaper for Liable My son was convicted of a DUI. The local paper then... Asked 12/05/08, 5:42 pm in United States Wyoming Business Law
-
Unwanted business matter My husband bought a business and put it in my name. How do... Asked 6/28/08, 10:08 am in United States Wyoming Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
