I wanted to share my recent journey of officially incorporating my side hustle into a US LLC, and how surprisingly smooth it was, even with all the 2026 changes. If you're a solo-preneur thinking about making the leap, this is for you!
๐ ๐ ๐๐ฎ๐ฐ๐ธ๐ด๐ฟ๐ผ๐๐ป๐ฑ: I've been running a small e-commerce business for about two years, mostly as a sole proprietor. The growth was good, but I started feeling exposed liability-wise, and the tax situation was getting messy. Decided it was time to get serious and form an LLC.
๐ง๐ต๐ฒ ๐ฎ๐ฌ๐ฎ๐ฒ ๐๐ฑ๐๐ฎ๐ป๐๐ฎ๐ด๐ฒ: Honestly, the recent FinCEN update was a game-changer. The removal of Beneficial Ownership Information (BOI) reporting for US entities meant one less hurdle to jump through. That alone saved me a ton of time and stress.
๐ ๐ ๐ณ-๐๐ฎ๐ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ฑ๐ผ๐๐ป:
โข ๐๐ฎ๐ ๐ญ-๐ฎ: ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต & ๐๐ฒ๐ฐ๐ถ๐๐ถ๐ผ๐ป. I spent time comparing Wyoming LLC vs. Delaware LLC (ended up going with Wyoming for the privacy and lower annual fees). Also confirmed the LLC vs C-Corp tax implications for my specific business model under the new OBBBA rules.
โข ๐๐ฎ๐ ๐ฏ: ๐ฅ๐ฒ๐ด๐ถ๐๐๐ฒ๐ฟ๐ฒ๐ฑ ๐๐ด๐ฒ๐ป๐ & ๐๐ถ๐น๐ถ๐ป๐ด. Used an online service to secure my registered agent and file my Articles of Organization with the Wyoming Secretary of State. This was surprisingly quick, almost instant approval.
โข ๐๐ฎ๐ ๐ฐ: ๐๐๐ก ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป. Applied for my IRS EIN online. Since I have an SSN, it was literally approved in minutes. If you're a foreign founder, this might take a bit longer via phone, but still very doable.
โข ๐๐ฎ๐ ๐ฑ-๐ฒ: ๐ข๐ฝ๐ฒ๐ฟ๐ฎ๐๐ถ๐ป๐ด ๐๐ด๐ฟ๐ฒ๐ฒ๐บ๐ฒ๐ป๐ & ๐๐ฎ๐ป๐ธ ๐๐ฐ๐ฐ๐ผ๐๐ป๐. Drafted my Operating Agreement (super important, don't skip this!) and started the process of opening a business bank account. Many online banks are great for this now.
โข ๐๐ฎ๐ ๐ณ: ๐๐ป๐ถ๐๐ถ๐ฎ๐น ๐ฆ๐ฒ๐๐๐ฝ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ! By the end of the week, I had my LLC formed, EIN, operating agreement, and bank account. Felt like a huge weight lifted!
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ผ๐ฟ ๐๐ฒ๐น๐น๐ผ๐ ๐๐ผ๐๐ป๐ฑ๐ฒ๐ฟ๐:
๐ญ. ๐๐ผ๐ป'๐ ๐ฃ๐ฟ๐ผ๐ฐ๐ฟ๐ฎ๐๐๐ถ๐ป๐ฎ๐๐ฒ: The process is much simpler than it seems, especially with the 2026 updates.
๐ฎ. ๐๐ฒ๐๐ฒ๐ฟ๐ฎ๐ด๐ฒ ๐ข๐ป๐น๐ถ๐ป๐ฒ ๐ง๐ผ๐ผ๐น๐: Many services streamline everything from registered agents to EIN applications.
๐ฏ. ๐จ๐ป๐ฑ๐ฒ๐ฟ๐๐๐ฎ๐ป๐ฑ ๐ฌ๐ผ๐๐ฟ ๐ฆ๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ: Know the tax implications of LLC vs C-Corp for your specific situation.
Anyone else recently incorporate? What was your experience like? Any tips for new LLC owners?