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Don't bother with an LLC if you're just doing a hobby or side hustle making a few thousand dollars a year. But if you think it'll grow into a real business, set one up early to avoid the hassle and cost of converting later.

Don't bother with an LLC if you're just doing a hobby or side hustle making a few thousand dollars a year. But if you think it'll grow into a real business, set one up early to avoid the hassle and cost of converting later.
Here is when you should not register an LLC or a corporation. If it's just a hobby and you don't plan on making more than a few thousand dollars a year, then an LLC or a corporation is probably not worthwhile. But if you think that this hobby or side hustle will turn into something more down the road, then it is worthwhile to get an LLC or corporation so that you don't have to deal with the transfer down the road. Transferring a sole prop, side hustle, or hobby from a sole proprietorship to an LLC is a long process which could cost you quite a bit of money and time. Thanks, and follow me for more.

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