What is the best LLC structure to maximize liability protection for selling art and writing?

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Dan

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The LLC provides protection and it's a good option. I would proceed but consider if possible having more than one member, as a multi member LLC tends to hold up better. The LLC should not be a shell entity but operate and have account(s), address, agents, and activity.

LLC Operating Agreement

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I want to learn more about LLCs.

Lexi, Chatbot

I understand that you're looking to learn more about LLCs, which can be a great business structure. What specific aspects of LLCs are you interested in, such as formation, taxation, or liability protection?

I'd like to learn about liability protection.

Lexi, Chatbot

Are you currently considering forming an LLC, or are you just gathering information for future reference?

I'm trying to talk to a lawyer through this service.

Lexi, Chatbot

Is there anything else the lawyer should know before I connect you? Rest assured they'll be able to help with your liability protection.

No.

Dan

Hello and welcome. My name is Daniel, and I've been a licensed lawyer for more than 21 years. I’m sorry you’re going through this, and I’ll do my best to help. Is it a single member or multi member LLC?

Hi Daniel! It's a single member LLC, but I am trying to sell my art and my writing, so I am not sure how best to handle it.

Dan

You formed it? What is your concern with the LLC?

I haven't formed the LLC yet because I'm not sure how best to handle it. The things I've considered were to start a separate LLC for each side of things or to do one that's my name and covers both.

Dan

I appreciate your clarification and your patience while I finalize your answer. I’m on it and will have your response ready shortly.

Thank you! I'm happy to wait.

Dan

Dan

Does that make sense so far? I want to make sure you fully understand your options.

Yes, that does make sense. I have an account that I would use and I've looked into a designated agent. I am going to sell my art and my books on a personal website and on Etsy to start, but I'm hoping to get into some galleries. I also have a publishing contract already, so I'll be adding titles as they go to print.

To be clear, I have a designated bank account for the business already.

Dan

It's a good plan and protects you personally via its use. I want to make sure everything is clear and that you feel comfortable with the information I’ve provided. Is there anything I can clarify for you or do you have any additional questions for me? If everything makes sense, you can simply reply “All clear.” Thank you!

Okay, so to make sure I understand, your advice is to make sure the LLC is active and not a shell company?

Dan

Yes and if you can have another partner/member.

Okay, thank you.

One LLC with multiple partners is best for my situation.

All clear.

Dan

Yes, indeed.

Dan

30,122 satisfied customers

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