Keep the paperwork down

If there’s one thing I hate about running a business, it’s the amount of paperwork that needs to be done. So when I looked into the possibility of forming a limited liability company I imagined that the amount of paperwork would be much the same are even more than running a business as a sole trader. But I was surprised. The fact is that LLC formation doesn’t result in a great deal of paperwork, and in fact in many ways the amount of paperwork I have to go through is much less than when I was at a sole trader. Now I have a limited liability company all the paperwork goes through the company and is kept in check by my company accountants. I have a company bank account, and that keeps my personal money separate from my company money, which is how I like it. If any of the sole traders out there are holding go forming an LLC because they think they will be too much paperwork then it’s time to think again.