What is the name of your state (only U.S. law)? ny
i have a question pertaining to corporations and i know very little.
currently i run an internet radioshow with few listeners and a friend told me i can incorporate to a llc which will give me a business standing and make me more credible to sponsors but i run a 1-2 person show, pay no money except what i pay out of pocket money to run the show, have no employees and receive no money, but might do fundraisers at some point. i was also told if i take out a business loan for a few thousand dollars and i cant pay it back as a llc i cant personally be held liable or something im new and confused.
i have a question pertaining to corporations and i know very little.
currently i run an internet radioshow with few listeners and a friend told me i can incorporate to a llc which will give me a business standing and make me more credible to sponsors but i run a 1-2 person show, pay no money except what i pay out of pocket money to run the show, have no employees and receive no money, but might do fundraisers at some point. i was also told if i take out a business loan for a few thousand dollars and i cant pay it back as a llc i cant personally be held liable or something im new and confused.