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I'm setting up a small internet business for my wife to sell jewelery via the internet, fund raisers, festivals and possibly karate school displays. I've been reading up on what the best tax ID is and it seems an LLC would serve us well. I would like to put the business solely under her name, setup a P.O. Box for all billing and legal. Then I plan to have all product deliveries drop shipped to our home, otherwise it would go directly to the customers. I am looking at setting up a separate business checking account to handle all our business finances. Are there any other tings I should be thinking about to help keep personal finances and personal liabilities separate from the business. I want to reduce most if not all legal issues from rolling over into our personal financial investments.
Sole proprietorship LLC (limited liability company) S-corporation Business partnerships Small business taxes Business debt Business finances and accounting Business insurance Commercial general liability insurance Debt Business Trusts Irrevocable trust Asset protection trust State, local, and municipal law Internet law Tax law