What is an LLC? And why do people make a big deal about LLCs?

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I’m a drone pilot who just got his license (Part 107). I’ve done some shots and gigs for friends but as I am looking into possibly venturing out on my own as a business I keep getting told that it’d be good to be an LLC. Every time I look into it I just get inundated with technical terms. Just wanted someone to really simplify it for me so I can know where I stand. Thanks so much!

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10 Answers

Anonymous 0 Comments

If you crash your drone and hurt someone, they can sue you. If you lose, they can take all your assets.

If you’re working for a company and you crash the company’s drone and hurt someone, they can sue the company. If the company loses they can take all the company’s assets.

I’m not a lawyer.

And there are also tax incentives depending on where you are.

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