Depends on the consultant and what's the advice given... lol
I worked for a Chevy dealership which was "incorporated."
The parts department was it's own company, the service department was it's own company, the used car department, the body shop, the new car department, the detail shop... all individual companies flying under the incorporated flag.
The owner was also listed as CEO of the company, plus the sole proprietor of the building in which the companies were listed. The building was listed with his personal assets. All companies paid him rent within the building to the tune of $1500 a month, each. That's six different companies paying him $9000 a month, plus his salary as "CEO." Each company was designed to loose money, except the parts department. So, he'd use the other companies as tax right offs for the parts department. He made money hand over fist while showing little to no taxable profit within the company.
Brilliant! All because he hired a consultant.
As far as the OP goes, don't be so quick to jump to self-employment, especially if you're exploring ways of making money on things "you like to do..." Turning hobbies into a business rarely pays off and ruins a good hobby.
