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Monday, July 03, 2006

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.

3 Comments:

At 7/04/2006 01:03:00 PM, Anonymous Grant said...

Way to go, Smarti! You're on your way.

Thanks for posting the premium details on business insurance.

What steps did you take to evaluate your coverage requirements?

-Grant
TheCornerOfficeBlog.com

 
At 7/05/2006 11:35:00 AM, Blogger James L said...

man, this consultant gig is going to make you "mad" money.

good luck.

 
At 7/13/2006 10:59:00 AM, Anonymous jim said...

Good job buddy, i look forward to reading mroe about it. :) and when you're rich, don't forget about me

 

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