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Biz classification

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Thread replies: 11
Thread images: 1

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/biz/ I'm an inventor and I want to sell my inventions under my own biz name. What should I classify myself as with sole proprietorship?

Mostly I just need a biz number so I can order components from websites that only allow official businesses to order from.
>>
What are your inventions Dr. Brown?
>>
>>2609259
I think the classification 'Nerd Virgin' inspires confidence.
>>
>>2609259
invent a coin
>>
>>2609259

what the fuck does this have to do with crypto?
>>
>>2609259
Yuge Bigly Industries
>>
don't be a sole proprietorship you tard. Form as an LLC or LLP so they cant come after your personal assets if your invention kills someone
>>
>>2609596
This is the type of advice I was looking for

Can I still be the only person in an LLC or LLP
>>
>>2609596
Yeah listen to this guy. If you are successful in your business, you will probably get sued at some point whether you deserve it or not - make it as hard as possible for them to take your personal assets.
>>
>>2609828
Yes
https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies
>>
>>2609596
>>2609845
Well alright I have one last question
let's say someone wanted to begin originally as a sole proprietorship and then 3 months later they wanted to transfer that business into an LLC (because its less bureaucracy and less expensive for the time being) would that be possible?
Thread posts: 11
Thread images: 1


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