Company Registration

By | July 3, 2006

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 thoughts on “Company Registration

  1. Grant

    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

    Reply
  2. jim

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

    Reply

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