The fat days are gone, welcome to the new normal. 

If it's a series, then you'll be comparing the cost of registering a new series cell as a foreign entity in CA, vs. forming a new CA LLC (now and on an ongoing basis).

Sky is black, phones are down, but cell is working again.

Next time you’ll trim off the fat and be in great shape.

I DO care about multiple cell phone companies and other consumer utils and revolving store cards that show Bad Habits...individually AND collectively as a bigger picture.

Competition is what keeps us from getting fat, lazy and arrogant.

Time to trim the fat and find ways to innovate.I’m interested in digital door locks that are on the market (like these).

What has always worked in good times and bad, and what this COVID left bleeding, and what's getting fat now.

Originally posted by J Scott:Agreed with Jon that having an S-Corp (or an LLC taxed as an S-Corp) won't really help you much from a tax perspective if you've maxed out SS payments from your day job.But, also agree with Will that having an entity can shield you from some personal liability, so if you have personal assets to protect, you should probably start investing under a business entity.The tax benefits I was eluding to is that with your S-Corp, you will have operating expenses, for instance, your car payment, gasoline, insurance, cell phone, etc.

Most owner operators live like FAT CATS when business is new and sales are strong and suck out the cash flow.