I started my business when I was 14 years old. Back then I would illegally drive my dads truck to jobs in my neighborhood. Now I have 11 accounts and I am about to be 16 and I will be legally driving to the lawns I service. Since I will be driving legally and becoming more like a professional service, I believe I should also run my business legally. I am thinking about incorporating as an LLC. Is there any benefits/drawbacks to doing this. I know the biggest draw back is taxes, but thats just something you got to live with. Also how do you transfer personal assets to the LLC. I want to "sell" my equipment to the LLC at full market value and I want to put this as an expense on my taxes. Is this possible?