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LLCs are overrated for solopreneurs like me
Everyone pushes forming an LLC for liability protection, but I compared a $250 LLC filing in Ohio against just keeping good insurance for my freelance editing. The LLC added zero client trust and cost me $100 in annual fees versus a $500 policy that actually covers mistakes. Anyone else skip the LLC and just lean on solid contracts and insurance?
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park.aaron2mo ago
Whoa, slow down. Is this really a huge decision worth losing sleep over?
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margaretc422mo ago
Hold up, wait - $100 a year for filing fees? That's it? I mean, maybe it's just me but here in California the annual LLC fee is like $800 on top of the initial filing. That's a whole different ballgame. I get why you'd skip it for that cheap though, your insurance route sounds way more practical for what you're doing.
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michael8032mo ago
Blind spots in your contracts when a real lawsuit hits, that insurance is gold though.
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