Starting an LLC for Early Retirement

I just got the paperwork back on the Limited Liability Company (LLC) I am setting up.  I’ll admit I don’t really know what I am doing, but I’m hopeful that it will be a useful structure to operate some limited, freelance, business activities in early retirement.  It’s also a signal to myself that I’m getting serious about actually leaving MegaCorp next April 1st.

My thought was that it would be good to have a business structure to allow me to make money as an independent contractor if the opportunities presented themselves in early retirement. I recently signed on for a three year term to be an outside director for the board of a manufacturing company, and while it is only a handful of work days over the course of the year, there is some income & expenses involved with the role.   Why not be prepared for other (limited) consulting roles that people may approach me with?  Continue reading “Starting an LLC for Early Retirement”