Hello!
I established my LLC earlier this year (2/2023) to reserve my company name, etc. for a side hustle from the previous year (that I already paid my taxes for) to continue my art/coaching services except now as a proper business. However, I had not performed any services since the work I previously paid taxes for, until the past few months, and I am just now opening a separate business bank account (I probably should have done this sooner but I was not doing any work through my business yet so I did not see the need). Should I have paid quarterly self-employment taxes already? And if so, on what if I have not made any money through the business yet? Or if not, when should I do that? I just quit my part-time job in July and switched to being fully self-employed and I am trying to get a better understanding of the business/finance end of things. Honestly, any information/explanations on how to handle self-employed finances/LLC/taxes would be greatly appreciated as I am mostly self-taught!
Thank you so much for your time!
