u/Forward-Party9102

When to worry about Taxes and LLC’s

I’ve been working on my podcast for a few years now and make a couple hundred dollars a month (give or take). I have been paying myself half of that and keeping the other half for taxes and business expenses.

How do those in a similar boat go about doing taxes? Do I need to make a certain amount before worrying about that? And how much should I be making regularly before worrying about an LLC?

My numbers are getting close to paid sponsorship numbers and I want to have my ducks in a row before taking on that.

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u/Forward-Party9102 — 2 days ago