There are many, many advantages to owning a small business—unlimited upside, work your own hours, better free time, and tax deductions, just to name a few. Many professionals choose to have a side hustle in addition to their normal 9-5 simply for the tax and retirement strategies. I recently helped a client realize that she could save thousands of dollars in taxes and deferred taxes by starting her own LLC. She decided to implement this before year’s end so she…