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Submitted 353 days ago...

MarineWife

MarineWife

New User (2)

Mom and daughter opening a consignment shop, what are the legal issues?

We would like to form an LLC, is that possible for a small partnership business? and or necessary? Just want to protect our personal assests, what would be best for us?

 
 
 
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Submitted 353 days ago...

sidelko

sidelko

Brain (3,056)

You can open up an LLC with just one person running it. It doesn't matter how many people are in the business to open it up. It is just a way to protect assets and set it up as a business unit.

the little bit I have looked into an LLC it would probably be a good fit, but there are other possible options such as an s-corp

here is a good basic difference between the two

http://www.webanswers.com/business/what-is-the-difference-between-a-ll c-and-s-corp-904c67

 
 

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