How does a serial solopreneur pay taxes?
How are you guys structured? If you get to launch more than one product a year, will you create more than one company too? Maybe you have an off shore holding company that owns them?
Or maybe I'm just overthinking it?
Adding the India angle since this forum has a good number of Indian indie devs.
For Indian solopreneurs with multiple products or income streams:
ITR form choice: If you have business income from your products (SaaS, digital downloads, consulting), you will file ITR-3 (or ITR-4 if you opt for presumptive taxation under Section 44ADA for professional income up to Rs 75 lakh). Multiple products do not need separate ITR filings. All income flows into one return under the same PAN.
GST registration: One GSTIN covers all your products and services as long as they all operate under the same legal entity. If your aggregate annual turnover crosses Rs 20 lakh (services), you register once. There is no per-product registration.
Section 44ADA: If your income is from professional services (software, consulting, content), you can declare 50% of gross receipts as income and pay tax on that, without maintaining detailed books. Simple and effective for most solopreneurs.
This freelancer and consultant income tax guide for AY 2026-27 covers ITR form selection and Section 44ADA in detail if useful.
Also curious about this. Does anyone know of a high-level overview of business basics for web app startups? I'm talking SUPER basic stuff, like structuring bank accounts (one for each app I'd assume?), etc...
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I live in California, and I'm using the same LLC for Indie Hackers that I used to do my consulting work beforehand. Is this wise? I have no idea :-) Would love to hear from some legal experts.
I also have been wondering this. I just created an LLC for side consulting and and side projects I come up with. Someone basically told me that it's probably fine to leave them under one umbrella, unless you have a business you're trying to get investors for, plan to sell, etc. It's not impossible to do that at a later time from what I understand, but it makes things much more difficult to separate out the finances & liability of that product from everything else under the company's umbrella
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This comment was deleted 7 years ago