Re:Ask HN: Is it possible to make FAANG salaries without wor...
by gmadsen on Tuesday July 23, 2024 @11:57AM
(#41047435)
isnt this the purpose of LLCs?
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Re:Ask HN: Is it possible to make FAANG salaries without wor...
by robotcookies on Tuesday July 23, 2024 @02:11PM
(#41049049)
LLCs limit your financial liability, but you can still work thousands of hours on a business and end up making nothing. If you work the same thousands of hours as an employee, you will make money.
Re:Ask HN: Is it possible to make FAANG salaries without wor...
by redler on Tuesday July 23, 2024 @09:29PM
(#41052808)
When you start up a business from scratch you quickly become familiar with bank requirements for a personal guarantee. The LLC will not protect you from personal financial exposure in the full amount of all your business credit facilities, loans, leases, etc.