2007-02-14 12:29:43 · 2 answers · asked by Tonette s 1 in Business & Finance ➔ Small Business
I am starting a Nanny business and need to know the diffrence between a LLC and being Bonded? do I need both or is one better than the other to have?
2007-02-14 15:30:00 · update #1
An LLC is a limited lliability corporation and being bonded is just insurance against theft...a person who is bonded has insurance stating that they have no record of theft and they are trustworthy and can be trusted, they are insured for this some sales people that enter homes are bonded because the company they work for wants them to be insured and not thieves. The other is a type of businmess that 9is usually more than one person and is a corporation which is much different, it's a business.
2007-02-14 12:37:43 · answer #1 · answered by MISS-MARY 6 · 0⤊ 0⤋
An LLC is a type of corporation and being bonded is when money is put down to guarantee your honesty.
2007-02-14 12:33:25 · answer #2 · answered by elaeblue 7 · 0⤊ 0⤋