Originally Posted by TyDow
I do appreciate all the advice. One question though. I am just wondering would I need LLC protection since I do not own any assets with a high value? I do understand that folks can get hurt on these motorized bicycle and I also plan to sell them AS IS. I would like to protect myself. Just not sure if LLC is the way to go for me right now. Should I wait to see if the business is somewhat successful?
Thanks in advance
The real problem with this is: the fact that you are providing a finished product ready for use by the consumer. If you live in a rural area where the majority of the population is accustomed to being self sufficient, and able to repair mechanical things...such as a farm community, you won't have any problems. No LLC needed.
If you are in a metropolitan area you will be inundated by idiots that want the same sort of service that they get from Wally World, "FROM YOU".
I could sell bikes here as fast as I could build them. I won't because I know it will be a head ache, and the fun of doing this will be ruined.