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If you have side hustles like an Etsy shop, tutoring business, or a storefront online, you might want to consider creating an LLC - AKA a limited liability corporation
Here are a few of the benefits:
🛡️ Asset Protection: An LLC shields your personal assets from business debts, ensuring your home and savings stay safe.
🚪 Separation of Affairs: Keep your business and personal matters distinct, making tax management and legalities a breeze.
💰 Tax Flexibility: Tailor your tax status to save money, thanks to the flexibility of LLCs. It's all about maximizing your earnings.
👔 Credibility Boost: Give your side hustle a professional edge, making it more attractive to clients, partners, and investors.
🕵️ Privacy: Enjoy more confidentiality – depending on the state – by sharing less personal information in public records.
🎛️ Operational Freedom: Manage your LLC with ease, fewer formalities, and options for different structures.
So, whether you're a freelance artist, online seller, or offering services on the side, forming an LLC is a powerful move that adds protection, professionalism, and potential savings to your side hustle journey