when you have an LLC is that a turn off for the consummer?

Answer 1

In most cases, no.

However, there are a few times when I am nervous about an LLC or LLP.

First, it generally indicates (but not always) that the company is small. If you want to look like a big company, don't advertise you are an LLC.

Second, if my accountant was an LLP, I would think twice about hiring them. Historically, accountants and financial services representatives have not hidden behind limited liability institutions like corporations. This is specifically to show that they conduct themselves in an ethical manner and aren't afraid of lawsuits. If every partner is jointly and severally liable for bad ethics, those partners act as a pretty good ethics police force.

-->Adam

Answer 2

Yes and No. Some LLCs just seem more acceptable to consumers than others. It really depends on the type of business, and if it has an established reputation. If it's a new company, or looks like a shoestring or fly by night operation, many consumers will not deal with an LLC. For example, I wouldn't hire a one man LLC tree cutting service that's only been in business for 6 months to cut a tree overhanging my home. If he drops the tree through my roof, odds are high that the company will not be in any financial position to replace the roof of my home, and I would have no recourse against his personal finances. On the other hand, I would not hesitate to hire an attorney who is an LLC (even if he just opened shop yesterday) to write and file my last will and testament. Odds are in my favor that there is nothing he could do to my will that would have any long term negative effect on me personally.

Answer 3

Most consumers could care less. Few would even take note.

Answer 4

heck no , they don't even know what it means. Do you?