4 ms·
I incorporated w/ a basic LLC pass-through back when I started freelancing just for the liability protection. I don't freelance (much) lately, but I've kept th
by mosburger 10y ago
I incorporated w/ a basic LLC pass-through back when I started freelancing just for the liability protection. I don't freelance (much) lately, but I've kept the LLC going in the meantime and run my very small side projects as part of that LLC. If you decide to do a side project w/ an LLC you might want to read up on "piercing the corporate veil" and be sure to keep your project's income and expenses separate from any personal stuff. I personally have a completely separate bank account, again from my freelancing days, and keep the two things separated paying myself w/ distributions occasionally. I'm no lawyer or accountant so I don't know if this is "enough," but I figure it can't hurt.