Simple question about setting up LLC while employed as a company driver

Since it will take time to get my LLC and truck and plates, tags, etc., is it OK to get all of this done while I am still a company driver? Or will the tax authority consider me to report like a business the day my LLC goes into effect? I'm wondering if I can get most of it done while I am a company driver but not sure if IRS or some other authority requires that I am not working anywhere else once my business is setup but not earning income yet. Once I'm done setting up my business I plan to put in my two week notice to quit my company job.

 

Yeah I never had an LLC but owned a business in the past which required a business license and they always sent me bs forms to fill out which is why I ask.

 

I will reply for limited liability and you will reply that your personal assets are not protected in a lawsuit?

 

I always heard the reason for the an LLC is to protect your personal assets beyond what insurance covers in the event you are sued. So if I make a mistake and someone is seriously injured, or in today's world where lawyers run everything, even if I didn't do anything wrong but still lose a lawsuit, they could take the truck and business assets but my personal home, car, and other personal belongings are mine and off limits. The LLC is treated like it's own person and gets sued not me. Kinda like how recently you heard Elon Musk got sued. Tesla got sued 20 million and Elon had to get sued for 20 million. Since Tesla is owned by stockholders he didn't have to pay the full 40 million but that is a more complex situation since it was the SEC and not just a regular bob that sued him.

 

Can anyone confirm this since I don't think that is correct. I learned a lot about LLCs regarding apartment investing and the personal assets are off limits but not sure if that is the case with trucking.