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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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