Growing Money

Company Registration

I have my own LLC now. I paid $449 for legal fees to register the company. The most expensive part is the general liabilty and professional liability insurance. The total premium for both coverage is $1350. General Liability Coverage Amount - $1,000,000 General Liability per Occurrence $2,000,000 General Liability Annual Aggregate $1,000,000 Personal & Advertising Injury per Occurrence $2,000,000 Products Completed Operations Aggregate $300,000 Fire Damage Legal $10,000 Medical Professional Liability Coverage Amount - $1,000,000 Per Occurrence $1,000,000 Annual Aggregate I also signed up for a business bank account and business credit card. This will allow me to keep track of all my business income and expenses.

posted by Sean @ 7/03/2006 11:45:00 PM