Attention Content Creators: you’re running a business and should treat it like one

If you're a content creator, then you might not realize it, but you're technically running a business and you might want to consider legitimizing it with an LLC. And here's why. First, having an LLC can provide you with a great deal of protection to your personal assets. Think, for example, a brand deal that goes wrong. The brand who's paying you is unsatisfied with the work that you provided and then wants to sue you for breach of contract. This happens more often than you might think. And if your content creation business is registered under an LLC, then that brand would only be able to go after the LLC. In most situations. The LLC can also protect you in the event that your business goes bankrupt or defaults on a loan. Another major benefit of having an LLC is that you can have it taxed as an S corporation, which could save you a significant amount of money on your taxes. Also, having the LLC may increase your credibility. The brand might look at you differently and be more willing to work with you. And lastly, having an LLC might increase your chances of getting a grant, a loan, or credit. So overall, if you're pretty serious about starting a content creation business or you already have one, then you should consider having an LLC. Also, some platforms such as the TikTok Creator Marketplace will ask for your business information and EIN number.