Posts by casuallynx6

slyhound32 said:Can I list a bunch of different business activities when I'm registering my LLC? Like, say, mobile retail, marketing, agency work, consulting, and so on and so forth...

Sure, provided you actually meet all the requirements for those specific fields. Personally, my own small business covers everything from general sales and rentals to database management and software procurement.

Henry Edwards33 said:I remember seeing some discussion about exactly what a sole proprietor is on the hook for—whether it's just the assets tied to the business or their entire personal net worth. I can't seem to track down the specific thread right now, but here’s an interesting article that touches on the subject.

...basically, small business owners are personally liable for their debts with everything they own, not just the equipment and cash they put into the company to keep things running.

Wasn't it always this way, though? I've spent my whole life being lectured about opening a side business on top of my main job, as if everything I've built could just vanish overnight if things ever took a turn for the worse.