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Chaitenya Gupta
@chait
You can go from a crypto wallet to owning a business (LLC) to a Mercury bank account - all from your crypto wallet! But what if you don't have a "business"? You certainly do - many call it a side hustle🧵
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Chaitenya Gupta
@chait
Here's the thing: almost everyone in web3 has a side hustle generating income. Whether you're building onchain, receiving grants, DeFi yield farming, or borrowing/lending (Aave), you're already running a business.
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Chaitenya Gupta
@chait
The next step is to formalize this - why? LLCs offer liability protection, potential tax benefits, and easier scaling. They separate your personal assets from business liabilities, which is crucial in the web3 space. Furthermore, access to financial services (offramps/onramps, bank accounts, etc.) becomes easier.
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Chaitenya Gupta
@chait
How? Enter OtoCo It lets you get started from anywhere in the world. Connect any wallet, incorporate in Delaware, Wyoming, or Marshall Islands with just 1-click. (For U.S. jurisdictions, you can even request an EIN/Tax ID right from the dashpanel. Start running your business faster than ever before.) This isn't just convenient - it's a game-changer. You could potentially save big on taxes, all while protecting your personal assets.
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Chaitenya Gupta
@chait
Ready to turn your web3 side hustle into an incorporated business? Visit otoco.io
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Chaitenya Gupta
@chait
Any questions? DM's open
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Jerry-d 🍖👽🎩 ↑
@jerry-d
Hi Chaitenya. I’m Jerry. I will have many questions, but not ready to ask them yet. Thanks and appreciate the opportunity!
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