LLC vs S-Corp & Entity Choice
“I have a profitable side hustle on top of my day job, is it worth the administrative cost to form an LLC just for that income?”
Whether forming an LLC for a profitable side hustle is worthwhile often depends on how the income is earned, how much paperwork and state filing upkeep is involved, and whether the main goal is liability separation, tax flexibility, or simply cleaner recordkeeping. In many cases, the administrative cost is weighed against the nature of the work, the level of business risk, and whether the activity is likely to stay small or grow. The fact that there is already a day job can also affect how the side income is reported and how much extra structure feels practical. A short conversation with a CPA can sort out what applies to your specific numbers.
In your 90-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I formed a single-member LLC but forgot to get an EIN, can I just use my Social Security number on my Schedule C without issues?”
“I am transitioning my W-2 income into a consulting business, does electing S-Corp status actually lower my self-employment tax?”
“My solo business is making about the same as my old salary, should I switch from a sole proprietorship to an S-Corp?”
“We are two partners starting a local service business, is a multi-member LLC automatically treated as a partnership by the IRS?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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