Seperating personal finances from business?

Discussion in 'Growing and Managing a Business' started by Neo2045, Dec 21, 2014.

  1. Neo2045

    Neo2045
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    Hey there folks!

    So here's my situation, I've been developing a website for a few years and have been earning some minor income through Google Adsense and Affiliate Marketing.

    I'm at a place where I want to take it to the next level and start selling Hard Goods directly to my visitors. Basically, what I'm trying to figure out is how to legally structure my business so as to seperate my personal finances and credit from those of the business.

    I need to declare bankruptcy to recover from my personal situation and I don't want that to effect what I've built thus far in way of my business. How do I protect my business?

    Would I go with something like an LLC? Would that be sufficient to be able to declare personal bankruptcy but not have the business effected? Is it even possible to do such a thing?
     

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