Glen Mills, PA asked in Business Formation for New Jersey

Q: I’m not sure if I should set up a separate llc from my original or if I should add it under my current llc

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1 Lawyer Answer
Leonard R. Boyer
Leonard R. Boyer
Answered
  • Clifton, NJ
  • Licensed in New Jersey

A: What I almost always recommend to clients with very rare exceptions is to form a "C" Corp (INC) and have the "C" corp own each LLC, with no more than 1 project in an LLC at any one time. The LLC must be at least 3 members. This puts two layers of corporate protection between you and any problems.

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