Currently I’m running a TikTok that makes about $100-$200/month

My YouTube is almost approved for monetization and when it does (hopefully within another month or two) I expect to be making about $1000-$2000/month from it

With this revenue, can I or better yet should I open an LLC and process everything through that?

I fully expect both accounts to keep growing and would also like to begin writing things off (laptop, recording equipment, software, etc)

Should I begin the process now knowing how much I’m be bringing in or after it happens?

Thank you