Do you have a side business? Maybe an online business using Facebook marketplace or some other platform? Are you wondering if it's time to level up your online business by forming a company?
The pandemic has destroyed a lot of jobs, but it's also created a lot of entrepreneurs and opportunities. Many of us have decided to take action by having a side business to augment or even replace our salaries. But when it starts to work, how do you know that it's time to level up?
Our question today comes from Chesca. And she asks
"Attorney, my online reselling business is starting to do well. My friends tell me that the best thing to do now is to turn my business into a company for legal protection. How do I know it's the right time to form a company? Is the company the best way to do business?
If you're in the same position as Chesca, stick around because we have some tips for you.
*Disclamer*
The information contained in this presentation is provided for informational purpose only, and should not be construed as legal advice. We do not guarantee any results, and the information on this presentation may not constitute the most-up-to-date legal or other information. you should not act on the basis on any content included without seeking legal or professional advice. Only your attorney can provide assurances that the information contained herein - and your interpretation of it - is applicable or appropriate to your particular situation.
