LLC consulting is an advisory service for entrepreneurs who are starting a limited liability company (LLC). This business structure provides personal liability, along with the convenience of pass-through taxation in which profits and losses are reported on the owner’s individual tax return.

How do you name a consulting LLC?

For the vast majority of consultants, using your own name as the consulting business name works perfectly. You can use your last name or a part of your name and append ‘consulting,’ ‘associates,’ ‘partners’ (if there’s more than one person), or ‘strategy. ‘ Don’t overthink your consulting firm name.

How do you get your name out as a consultant?

Specific steps must be taken to successfully market yourself as a consultant.

1. Create a marketing message based on what you have to offer.
2. Target those that can benefit from your help.
3. Organize a local event based on your specialty.
4. Offer your services as an expert to a local newspaper or radio station.

Should your consulting business be a LLC-Limited?

An S-Corp and C-Corp require shareholder meetings and annual reviews that your (smaller) consulting business does not need. An LLC deviates from both and offers your consulting business personal asset protection, taxation benefits, flexible management, and easy, low-cost setup and maintenance.

What kind of degree do you need to be a management consultant?

Management consultants usually obtain a Bachelor’s or Master’s degree in a business-related field. While all majors are accepted, business and quantitatively oriented majors such as Finance, Economics, or Accounting are preferred.

Which is the best legal structure for a consulting business?

Many consultants prefer to operate an LLC than be a sole proprietor or a corporation owner because these entities combine many of the advantages of the other two entities. If you run a small operation and want to protect your assets, this is likely the best legal structure for your consulting business.

What’s the easiest way to set up a consulting business?

Sole proprietorships are by far the easiest form of business to set up—but offer the least legal protection. An S Corporation structure is likely only an option if your consulting business is relatively large, with several shareholders and multiple employees.