I am retired and am a beekeeper. I do it as a hobby. I want to sell the honey not necessarily for a profit. I do not want the liability should someone have any reactions to the honey. I want to protect my retirement portfolio. Is this the route to take?
Forming an LLC (limited liability company) would probably work best as this type of entity is easier to maintain and typically the entity of choice for most businesses nowadays.
Keep in mind, all your business activity has to be done under that entity, and you should take all the necessary steps to guarantee that your company is properly maintained to prevent any possibility of “company veil piercing“.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.