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Do nail technicians need and LLC or to trademark their business name?

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Thank you soooo much for your response!

Report Jessica's answer

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If you are an employee working for company owned by other individual(s) there is no need to form an LLC or file for a trademark. If you are forming your own company or plan to work as a contract technician (not an employee) their are positive business reasons to incorporate in your state and maintain a business operation.

You will be able to maintain and account for business expenses write them off on your business and lower your personal tax liability by doing so. The key is to incorporate as a Sub-chapter "S" in IRS parlance for tax purposes. You will then pay no taxes as a company and the revenue and expenses will flow through to you personal tax return as the owner. You will also have considerable business protection by forming an LLC, because your personal assets business risk for law suits and similar liability will be lower.

The name of your company is filed with the Illinois Secretary of State when you form your LLC. The site to do so is at: https://www2.illinois.gov/rev/businesses/Registration/Pages/default.aspx When you receive your articles of incorporation from the State of Illinois you then register with the IRS at: https://www.irs.gov/businesses/small-businesses-self-employed/illinois

Trademarks are not necessary to form an LLC . Filing and paying for a trademark is generally undertaken when the business name is strongly tied to a specific product or service that the founder wishes to protect.

Report Kenneth's answer

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You are welcome, Jessica

Report Kenneth's answer

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