Patent Attorney and Founder
If you decide to go out and try to you know make revenue with your product or service definitely get into some sort of limited liability entity i’m if you are holding stuff for example if you’re holding real estate or you’re holding intellectual property i recommend placing those those assets into a limited liability company um really the reason is because you’re just holding stuff that being said if you are doing stuff if you are you know basically like a dentist or you know or you’re selling yourself i recommend more of a quarterback right services because um you get better tax consequences you know depending on how you decide to be taxed as either as a subject or s corporation or subchapter c corporation most likely subchapter s corporation and we’ll get into that a little bit um later but um i like corporations as a legal entity because corporations have been around forever we know what the law is on those and one of the worst cases i studied down in oregon when i went to law school was a washington case about what not to do with the corporations so if you follow the rules with the corporation the liability protection for for you is pretty much sound and the whole idea for setting up a business entity is to provide a legal barrier between you and your creditors