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Tutoring Business

Asked by: Wanda - 6 March, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 My business is tutoring students. It is on a cash basis, and I am the only employee. Do I need an LLC?
Answered by: Ray Albert - 7 March, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/194.jpg-630c771619e92bede7e6f696b56767b9 Wanda,

No, you do not need an LLC to continue conducting your business. There are some advantages to having an LLC, one of the main being the fact that having an LLC separates your personal assets from your business. But in your case since you are personally tutoring the students and is the only member and employee of the business having an LLC might prove of little benefit.

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