Yes there is a moderate amount of protection with an LLC. The key is
managing it correctly. One of the biggest hurdles will probably be the need
to pay yearly fees to both the state and to the company that will receive
your documents. I believe this is required in most states. It costs me ~
150 a year to keep the LLC open. Since my income on that LLC last year was
less than $200 it makes me question my decisions But sooner or later
that company will do something I hope.
On Sat, Jan 16, 2010 at 2:09 PM, theSmith chris.smith...@gmail.com wrote:
Thanks for they reply Wayne,
Under an LLC there is a certain level of personal protection yes?
Even if there is only one person in the LLC?
Its my first time generating some revenue off coding (I'm still in
college) and I really would like some legal protection, even though my
apps shouldn't warrant that kind of protection.
-theSmith
On Jan 16, 1:12 pm, Wayne Wenthin wa...@fuligin.com wrote:
LLC's are pretty cheap to form. I have 1 LLC that I'm a partner in and
1
sole proprietorship. The software is not published under the LLC
though.
But if you are worried that your app may make people do something that
you
need legal protection from I would look into license agreements that you
require them to acknowledge on install and you will probably need to pay
an
attorney to draft one that will be enforceable.
On Sat, Jan 16, 2010 at 9:46 AM, theSmith chris.smith...@gmail.com
wrote:
Hey all,
I was just wondering what your thoughts are on having some law
enforcement on your side as well as legal protection. As an
independent developer its hard to afford legal nonsense like this. In
your experience has it been worth it to include legal agreements with
your apps and do you have protection like a LLC to protect yourself
from being sued into oblivion?
Also what licenses are freely available that might be of interest?
-theSmith
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