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.

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