Deciding on a Business Name

Might as well just do it out front, if this is your planned career path, to save time and money in the future. Think of it as an insurance policy.

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You really want to have a meeting with an accountant to help you decide which direction to go with your business structure. Typically, a sole prop is one person, then any added workers (employee, wife , husband, etc) are considered employees of your company unless it’s a joint venture. There are many different considerations in having your wife included that is beyond the scope of a forum and only you will know what’s best after getting professional tax/accounting/business advice from someone in your area. Each structure has it’s own pros and cons. Some tax guidlines here:

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The “paper work” is once a year filing your LLC renewal.

Is it worth it? If something goes South with your business finances or an unforeseen happens that your business doesn’t have enough capital to pay for, then your personal property will be up for grabs without it.

Your call.

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Is it worth it to not be personably liable? I would think so.