Hook
More breakout videos from this creator.
Here is the how and why. I run my homestead as a business, saving me thousands and thousands of dollars every single year. And it's super simple. So let's say you're like me and you love having goats. What you do is you file an LLC with the state. It will take you like 10 minutes and maybe then do something like have a class on how to milk a goat, charge $10. Whatever revenue you bring in, that's revenue towards your business. Now, your goats is your business, which means everything to take care of your goats is now tax deductible. Their feed, their pens, more goats, um, their medical care, even your dogs can become tax deductible when you have a farming business. So let's do one even easier. Let's say you wanna make money on social media, and your content is showing people how to grow food or can or so, or, you know, just building out your homestead, anything along those lines. You start an agricultural farming business, and the content that you record is teaching content. And so now everything that you record is part of your business. It's your business assets. So your greenhouses, your seeds, your aesthetics, your farm animals, this is now all tax deductible. And then when you bring in revenue, whatever it may be, you put it towards the business, and it shows that you're a legit business. Hope this helps, super simple, will save you so much money.