It’s estimated that over 34.5% of the US economy is made up of professionals who are participating in a secondary trade or skill to earn income, outside of their full time job.
This segment of our economy is made up of many different services and products:
- Selling products online through Amazon
- Buying and Selling Real Estate
- House Sitting
- Pet Grooming
- Courier/RideShare Services (Uber, Lyft, Grubhub, Shipt)
- Virtual Admin Assistant
- Secret Shopper
- Baby-Sitting/Child Care
But when do you know if you need to create an LLC for this side hustle? We think that there are three key questions that will make this a definable moment in your professional life.