Let me ask you a question that you probably want to be sitting down for: do you have a hobby, side hustle, or a business?

Unsure? You’re not alone!

In reality, building a business often happens in stages, so you don’t have to stress too much about which stage you’re in right now, as long as you’re striving towards your goals! But no matter if you are a part-time, full-time, or soon-to-be full-time business owner, one thing is sure: you should be treating your business like a business!

I invited Braden Drake, a CA-licensed attorney and tax professional, to sit down in the studio to break down what it means to have a part-time versus full-time business. He is also going to demystify a lot of complicated (but necessary) topics such as what you actually need to set up your business legally, how to figure out what your tax implications are, and the truth about bookkeeping.

Listen for These Nuggets During the Show

Meet Braden Drake!
Do you have a hobby, side hustle, or a business?
What does it mean to treat your ‘income-generating activity’ as a business?
The layers of protection.
The importance of having a business bank account.
How to navigate taxes as a new business.
Do you need a bookkeeper?
Braden Drake’s new coaching program: The Profit RX.

Links Mentioned:

Braden Drake’s The Profit RX
Braden Drake’s Master Class (prices increase after Nov. 21st)
Braden Drake’s Website
Braden Drake’s Instagram
Braden’s Facebook Group: Braden’s Besties
Braden Drake’s TikTok
Braden Drake’s Podcast
The CEO Learning Hub
Social 365

Share the Love:

Did you love this episode?? It would mean the world to me if you take just 2 minutes to leave a review of the podcast! Your reviews help us to rank on the charts and bring more great content to even more wedding and creative entrepreneurs like you!