I've been freelancing for a few weeks and I am wondering if it's worth it for me to become an Inc, LLC, Sole Proprietor, etc. The only business expenses I've had this year so far are moving and office space. I will be working out of Philadelphia and currently have clients in Boston and Vancouver, but that will likely change as I get more clients. Additionally, I foresee growth as I have been doing similar jobs for my clients and will likely continue to do these types of jobs.<p>Thank you!
Go with a LLC. The paperwork requirements are minimal in most US states. It will also provide protection of personal assets in most cases, in the event there is a lawsuit, etc. I would also make sure that you get a general liability insurance policy.
In my opinion, an LLC is reasonable for this sort of thing. I'd see a regular corporation as overkill, and a sole proprietorship not offering enough benefit to be worth doing.