Interested in starting a business to perform all of my online endeavors under. As I understand it, I have three options: corporation, LLC, and registration of a business on a local level. Local filing would allow me to obtain an EIN, which is my main goal. An LLC would offer additional protection, with a little loss in flexibility (purpose and intent need to be listed in filing), and a long wait time (~20 days according to LegalZoom - want to get this off the ground asap). A corporation would do all of the above, with the possibility of public offerings, adding a huge amount of complexity to the situation. A full incorporation may be a bit much, as I'm not planning on going public any time soon, meaning it's between an LLC and a local filling. My state wants ~$600 just to file an LLC, meaning it'll cost me around $900 when all is said an done. A local listing is something like $25, not a deal breaker. Are the benefits of an LLC worth the increased yearly and filing fee? I understand that it'll all be worth it the second you get sued, but how likely is it to have a lawsuit brought against you for damages (LLC obviously not protect you from criminal charges)? What have you and others you know done? Suggestions / comments?