So, I don’t have any assets other than my financed car and a decent savings. I’ve worked in the restaurant industry for over 20 years and went to school for it a long time ago now. Over the years I’ve tried to obtain a different career but nothing has ever stuck. It seems I keep working in food because I’m either a masochist or I actually must like it. I’ve been working FOH for a while, because BOH in a restaurant (even management) doesn’t pay enough or offer any sort of quality of life.

I want to go back to the kitchen though, but I don’t want to take orders from anybody. I want my own business. I’ve worked really hard for the little bit I have, I don’t even have a house…Is it possible I open a small food business on loan (got great credit) and open an LLC and NOT lose the little bit of savings I do have to my name? I don’t have a rich uncle to borrow from if I completely lose my shirt…failures not really an option but…just in case…would the LLC completely protect me, say if I borrowed 100k or so to open a food truck or food cart or whatever??

  • kfbrewer@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    10 months ago

    en·tre·pre·neur /ˈäntrəprəˌno͝or,ˈäntrəprəˌnər/ noun a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

    You start a business your risking money.

    You start a restaurant your GAMBLING money.

    Would you gamble all your investment on a 15% chance you succeed? Probably not.