Q: Can i form an llc for my future box truck business while receiving benefits?
am currently 33yrs old.
Three years ago I was driving semi trucks . Stopped due to multiple surgeries (non-work-related).
Currently on Government Benefits.
Temporary Social security disability
Now present time.
Im close to being fully recuperated so its time for preparation. So my next source of employment will once again be self-employment .
.. To help better my transition back to self stability. Forming the company (llc) present time while currently receiving Benefits.
The company (llc) i want to register will not have any income sooner than 1-2 Months post llc formation and DOT# being registered officially. .
So with that being said,
Can i form an llc for my future box truck business while receiving benefits? Pro’s & Con’s. ?
A: The short answer is: Yes. Go ahead and form the LLC. Let it sit until you are ready to make use of it. Unless there is something you have not disclosed, I don't see how forming a LLC will affect your benefits. However, once income starts flowing through your LLC, it may or may not affect your benefits. We would have to know more about the benefits to best answer your question.
Charles Candiano agrees with this answer
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