Looking for valuable input regarding the startup of a knife business.
I’m not looking to make a fortune but I was told by my accountant that before I sell a knife that I should establish an LLC to protect myself. This sounds great and I understand that it’s rather inexpensive.
Does anyone know if there are tax advantages to doing this?
I wouldn’t mind having some deductions.
I would basically like to have my hobby pay for itself
I’m not looking to make a fortune but I was told by my accountant that before I sell a knife that I should establish an LLC to protect myself. This sounds great and I understand that it’s rather inexpensive.
Does anyone know if there are tax advantages to doing this?
I wouldn’t mind having some deductions.
I would basically like to have my hobby pay for itself