Side Hustle vs Full Time

[Connie C]

I have started an online teaching coaching business while working a full-time job (hoping to fully transition to my online full-time). 

?? Am I considered self-employed? 

[kdevere · Accepted solution]

Hi Connie - 

Since you are also employed through an employer, you would be considered employed with self-employed income as a side business, or gig. 
Generally, you are self-employed if any of the following apply to you.

• You carry on a trade or business as a sole proprietor or an independent contractor.
• You are a member of a partnership that carries on a trade or business.
• You are otherwise in business for yourself (including a part-time business or a gig worker).

[Connie C]

Thank You @kdevere 

I have incorporated into an LLC (state of Louisiana), where I am the majority member and my husband is the other member. 

?? From the second bullet mentioned - being a member of my LLC (partnership) >> am I self-employed and employed by my full-time company? 
?? is that possible? 

I appreciate your time and sharing your expertise. 

Wishing you a splendiferous day!

[kdevere · Accepted solution]

Great question Connie - f you are a member of an LLC or partner, then that is technically self-employed income, as you are an active participant which would make it ordinary income subject to self-employment taxes.  A partner cannot be an employee of an LLC they are a partner in, so you would be considered self-employed.