Have an LLC

Zach Holman, founder of Honeycomb, advises developers to consider forming a Limited Liability Company (LLC) for their projects. He argues that having an LLC provides liability protection and tax benefits. Holman cites the example of a developer who was sued for $1 million, but the LLC protected their personal assets. He also mentions that an LLC can be formed with a single member, and the cost is relatively low, around $500.