I took the time yesterday to setup my Limited Liability Company. I decided to just go ahead and setup my business up as an LLC vs a standard sole proprietorship. I used the online legal service company LegalZoom.com. The total cost was $366, which includes the Maryland filing fees and the paperwork for a Federal Tax ID number.
Because I am the sole member of the LLC, I can operate it like a sole proprietorship for tax purposes. I believe that I still need a State Tax ID number and need to check with the state and my county to see if I need to file for any other licenses. I am sure that I will make a mistake or two, but just decided to jump into it.
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