a single-member LLC is a disregarded entity for tax purposes (it's taxed as if it were a sole proprietorship). . it's your money. you can spend it as you like. the ein doesn't matter. the important things are to keep good records and get professional advice to start. Etsy, Airbnb and the rental need to be reported on separate tax forms despite being under one LLC. Etsy goes on schedule C. the rental goes on schedule E. the Airbnb can go on either schedule C or E depending on the facts - services you provide, length of rental and other factors. talk to the tax pro. schedule C activities are subject to SE tax. rental activites are not. taking money from one activity to use in another is not a tax deduction for the activity from which the money came.
