An LLC, or limited liability company, is a legal structure that helps separate your personal assets from your business in many situations. It is popular because it is simpler than a corporation for a lot of small businesses.
You do not need an LLC for every side gig, but it can make sense once you have real revenue, outside risk, or a business that needs cleaner separation from personal finances. It can also make bookkeeping and tax handling easier to keep straight.
The key point is that an LLC is a structure, not a substitute for insurance or good contracts. It helps organize risk, but it does not erase it.
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It's the LLC's internal rulebook: ownership percentages, voting rights, profit/loss splits, manager duties, and what happens when an owner leaves β written down before you need it.
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