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Connie C
Level 2

Side Hustle vs Full Time

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? 

2 Best answer

Accepted Solutions
kdevere
Employee Tax Expert

Side Hustle vs Full Time

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.

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kdevere
Employee Tax Expert

Side Hustle vs Full Time

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

3 Replies
kdevere
Employee Tax Expert

Side Hustle vs Full Time

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Connie C
Level 2

Side Hustle vs Full Time

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
Employee Tax Expert

Side Hustle vs Full Time

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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