What if one simple change could jump-start your entire approach to building a business? If the cost was fairly small, would you not make it happen right away?
In August of this past year, I filed the paperwork to form MeeseWorks, LLC as the legal business behind this site.
At the time, the main reason I filed wasn't profound—successful bloggers had businesses, and I wanted to follow their lead.
That was only six months ago, but the results have been astounding.
If you'd like to form your own LLC, I recommend you use LegalZoom like I did. They know what they're doing, make the process easy, and keep the fees they charge fairly low.
Since I didn't have major business plans in the works, I didn't think much was going to change. Boy, was I in for a surprise.
I've generated more revenue in the past week than in the entire year before I formed my LLC.
Why did filing some paperwork make such a big change? Six months ago, I wouldn't have known.
Now, I think I know why. There are three key benefits that a legal business entity provides.
At the time that I filed, I thought this was the only benefit of forming a legal business.
Tax-deductible expenses and related tax breaks couldn't come soon enough. They keep more of your money at home, in a legal way.
One of the most important lessons I was taught about having a legal business was that it's important to keep finance separate. So I did.
I began paying for all of the plugins, paid services, and other tools I use out of a business account, separate from our personal finances. Very quickly, it was easy to see what my business cost.
My recommendation? Form a legal business before you need it—later complications can be a pain.
Before I filed for a legal business entity, this site was a hobby. I might not have admitted it, but I was definitely treating it that way.
My site looked okay, and my content was pretty good, but that's about as far as it went.
Forming an LLC flips a mental switch—'hobby' to ‘business' in the blink of an eye. Once a business exists behind a blog, the stakes are real. No longer can each project be approached as if it's just for fun.
With a business mindset, I did more than write posts. I developed coaching services which I began to offer on my site.
With a legal business, comes a new identity. Instead of being someone who ‘happens to blog', you become a writer, blogger, and even entrepreneur.
That mental shift—alone—is worth the fee.
When I formed MeeseWorks, LLC, everything seemed to fall into place.
With a clear budget, I knew how much revenue I needed to raise. With that in mind, paid projects had more appeal.
For the first time, I set clear revenue goals at the beginning of this year—and I'm already on track to surpass them.
In a half dozen months, my blog has grown from a daydream hobby to a thriving business—and your experience could be just the same.
Question: What's stopping you from forming a legal business entity right now?