Ask HN: Should I incorporate as a freelancer?

Posted by smockman36 on Monday October 19, 2015 @12:42PM
from the ask-hn dept.

I've been freelancing for a few weeks and I am wondering if it's worth it for me to become an Inc, LLC, Sole Proprietor, etc. The only business expenses I've had this year so far are moving and office space. I will be working out of Philadelphia and currently have clients in Boston and Vancouver, but that will likely change as I get more clients. Additionally, I foresee growth as I have been doing similar jobs for my clients and will likely continue to do these types of jobs.

Thank you!

( 4 comments | on HN )

Re:Ask HN: Should I incorporate as a freelancer? by dsparkman on Monday October 19, 2015 @01:57PM (#10414489)

Go with a LLC. The paperwork requirements are minimal in most US states. It will also provide protection of personal assets in most cases, in the event there is a lawsuit, etc. I would also make sure that you get a general liability insurance policy.

[ Parent | on HN ]

Re:Ask HN: Should I incorporate as a freelancer? by tjr on Monday October 19, 2015 @12:57PM (#10414119)

In my opinion, an LLC is reasonable for this sort of thing. I'd see a regular corporation as overkill, and a sole proprietorship not offering enough benefit to be worth doing.

[ Parent | on HN ]

Re:Ask HN: Should I incorporate as a freelancer? by smockman36 on Monday October 19, 2015 @01:06PM (#10414180)

cool, thank you. is this common practice for freelancers?

[ Parent | on HN ]

Re:Ask HN: Should I incorporate as a freelancer? by tjr on Monday October 19, 2015 @03:41PM (#10415177)

Anecdotally, it seems common to me, but I don't have any real data from which to make serious inferences.

[ Parent | on HN ]