Decisions about how to structure your business are really decisions about how you will manage your risk. In this context, “risk” is an open-ended concept that goes well beyond the kinds of doomsday scenarios that we typically think of when we think of business risk: calamitous litigation or ruinous bankruptcy. Risk also touches on small things—mistakes in a deliverable, a missed deadline, missed tax deductions—and everything in between. When you make good management choices about your business, you are managing your risk. In this effort, forming a legal entity can be one approach among many.
To understand the benefits of forming a legal entity for your freelancing business, you first have to examine the consequences of ...
Get A Freelancer’s Guide to Legal Entities now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
