Legally Enlightened With Lisa Fraley

An LLC, or Limited Liability Company, is one of the easiest corporate entities to set up for your business. However, there are several requirements you must follow to keep your status as an LLC. Many biz owners don’t know - or were never told about - these 3 key actions that all LLC owners must take to protect and honor your status as an LLC. Otherwise, you can jeopardize the very protection created for you by your LLC. I always say that “you always know when it’s time to go pro” when it comes to creating an LLC but be sure to also talk with an attorney and your accountant to make sure it’s the right time for you to create and maintain an LLC.   In this episode Lisa shares: The 3 “Must-Do”s that all LLC owners need to know and do How to make it obvious that you have an LLC Where you need to show your LLC designation   Why you need to inform people that you have an LLC Why you need to open a business bank account for your LLC How to pay yourself, your business expenses and personal expenses Why you can’t comm