Yes, it is possible to start an online business without an LLC and form an LLC later on. Depending on your business structure, you can operate as a sole proprietorship or partnership until you are ready to form an LLC.
However, it’s important to remember that operating as a sole proprietorship or partnership does not offer the same level of liability protection as an LLC. As a sole proprietor or partnership, you are personally liable for any debts or legal issues related to your business. If you form an LLC, you can limit your personal liability and protect your personal assets.
In addition, forming an LLC later on may require additional paperwork and fees, depending on the state where you are forming the LLC. It’s important to research the specific requirements in your state and consult with a legal professional to ensure that you comply with all necessary regulations and procedures.
Overall, while it is possible to start an online business without an LLC and form an LLC later on, forming an LLC early on can help protect your personal assets and provide additional benefits for your business.