Use Your LLC

What's the Purpose of Your LLC?

If you’re merely operating your LLC as a straight-up business, remember that your LLC is the entity doing business, not you. That means you’ll be signing the LLC’s name to all kinds of things like leases, contracts, websites, anything business related. You want to keep your personal name off everything you can and list the LLC’s name instead. By listing the LLC’s name, you are creating separation between you and the business. You do this to limit your personal liability, as your business may not work out, but that doesn’t mean you personally should have to lug around any business debt if that happens.

Additionally, LLCs can be used for a wide variety of purposes other than strictly doing business. Many people use LLC’s as holding companies. There’s nothing inherently weird or sketchy about this. Often people form an LLC to hold an asset like real estate. The LLC would then sell the land or simply hold it. To operate this kind of LLC, you’ll need to transfer assets into the LLC.