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[Music] as an independent contractor you may have considered forming a limited liability company LLC for your business an LLC is a type of business structure that combines the benefits of both a sole proprietorship and a corporation by forming an LLC you can protect your personal assets from the liabilities of your business and enjoy certain tax advantages in this video we will discuss the benefits of setting up an LLC as an independent contractor and we will provide a step-by-step guide on how to set up an LLC for your business benefits of setting up an LLC as an independent contractor one limited liability protection one of the primary benefits of setting up an LLC as an independent contractor is the limited liability protection it provides when you operate as a sole proprietor you are personally responsible for all of your businesses liabilities this means that if your business is sued or incurs debt your personal assets such as your home and car can be seized to pay off those debts
