01-11-2021, 01:28 AM
How do I know when to open an LLC
submitted by /u/rawrtherapybackup
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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
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