Q: I am interested in freelancing in two completely different fields. Should I create separate LLCs?
Under one field, I will need to set up an anonymous name.
A: Whether or not to create separate LLCs for different fields depends on several factors, including the nature of the businesses, the level of risk involved, and your personal preferences. Creating separate LLCs can help keep the liabilities of each business separate and protect the assets of one business from potential risks associated with the other. However, it also adds administrative complexity and costs.
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