Just asking what best practices typically are, because someone told me that I should try to get small but consistent income results before starting an LLC.
I guess this makes sense, since it can cost a little to start and is a lot of work. However, wouldn’t this mean my business’s initial income/expenses would be coming in/out of my personal account, rather than a business bank account?
Don’t most people advise against this?
It’s a balancing act but 100% prove you can sell Something and take revenue before getting an entity.
You will need the entirety and EIN but 100% better revenues first.
Otherwise the entity is just a sunk cost.