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I am starting a gunsmithing business and will be working out of my home. Focusing mostly on simple repairs, cleaning, scope mounting,etc. Will work up to more complex tasks. Should I start the business as an LLC?
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Since you will be rendering your personal services, it will be difficult for you to assert the limitation of liability associated with doing business in corporate form. In other words, if something "happens" to one of your customers, he (or his estate) will sue you personally, not just the LLC. As a result, there is no particular benefit to forming such an entity; you might as well do business as a sole proprietor. Buy insurance, if available to you, against your liabillity to customers.
Answered on Feb 07th, 2013 at 3:06 PM