Turning Your Drupal Hobby Into a Drupal Business (A Business Checklist)
summary
Explains concrete steps: file an LLC (example fee $100 in Indiana), get an EIN, open a separate business bank account, and keep business/personal funds separate; convert to an S‑Corp when revenue hits about $50–75k for tax benefit. Recommends tools: PandaDoc, QuickBooks, Asana, Harvest, Gusto, Azlo. Covers SOW types (fixed bids under $20k common), quarterly estimated taxes, SEP/solo‑401(k) options ($57k SEP cap), and keeping cash reserves.
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chapters (7)
- 0:00Start
- 6:38Reasons to Turn Hobby into Business
- 8:52Business Entity Structure
- 14:46Tools for Running Your Business
- 24:01Money & Taxes - Pay Attention!
- 36:02Cost-effective Marketing Techniques
- 39:25Resources/Questions
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