5 ms·
I wish you could incorporate an S corp for side projects. C corps need boards and stuff - a bit much for my hobby projects. But, event for hobby projects, if I
by impostervt 11y ago
I wish you could incorporate an S corp for side projects. C corps need boards and stuff - a bit much for my hobby projects. But, event for hobby projects, if I expect to make income (at some point) I usually set up an LLC and maybe even start a bank account. And I also use Stripe to collect payments.
- zrail 11y agoI tend to just use my existing LLC for hobby projects. If any of them actually take off I'll set up a DBA or maybe another LLC subsidiary. Multiple S corps seems like overkill.