Is your exposure great enough to warrant the hassle(s) of setting up and maintaining an LLC? Talk to an Accountant, one familiar w/ what you do? A CPA perhaps. I asked my accountant this just yesterday and she advised not to bother.Do any of you have an LLC and if so how and where did you get it and what was the cost. Anybody ever use Legal zoom or US legal forms. I know it's off topic, but not sure where to put it that I will get an answer.
All you have to do is register as a business at your County Court House, maybe fill out a DBA Form (Doing Business As: wild-b hunny) and then keep track of everything you want to declare as income and everything you want to claim as expenses on Federal Form Schedule F "Profit or Loss from Farming". Again, talk to your accountant just so you are clear about what you need to do in the State of Nebraska.I would like to make this a part time business where I'm able to use for tax purposes. Mileage, hives ect.