At What Income Level Should You Switch Your Side Hustle From A Schedule C Sole Proprietor To An LLC Or Corporation?

At What Income Level Should You Switch Your Side Hustle From A Schedule C Sole Proprietor To An LLC Or Corporation?

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It’s so easy to start a side hustle. In fact, it’s effortless.
Any hobby will do. Pick something you love. If you can make money off of it, all the better.
You don’t even need to file any special paperwork. Everything can fit onto Schedule C of your personal tax return. There’s already a line for it on your 1040.
Doing business this way is called a “sole proprietorship.”
It may be easy to…

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