Quote Originally Posted by C&H Exotic Morphs View Post
Also another benefit of the LLC is if we ever decided to open a line of credit or get a loan, everything would be based on the business and not our own personal credit and debt.
While this is a great idea in theory, I assure you, it will never happen in practice (if we're talking bank loans). Any bank will require the owners of a closely held business to guaranty the debt. Your personal credit and income would play a huge part in a loan decision, and you would be personally responsible for any loan.

To the OP - you might know this already, but none of these are business licenses, they are forms of a business. Starting an LLC does not give you license to operate within your municipality.