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A comment on I Sold TinyPilot, My First Successful Business. Parent comment

Re:I Sold TinyPilot, My First Successful Business by 2c2c on Wednesday May 29, 2024 @02:16PM (#40515010)
did you have a salary?
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Re:I Sold TinyPilot, My First Successful Business by mtlynch on Wednesday May 29, 2024 @03:25PM (#40515847)
No, I didn't pay myself a salary. TinyPilot was a single-member LLC, so all the profits were pass-through income on my personal taxes.

I share more about the finances in my annual review posts:

https://mtlynch.io/solo-developer-year-6/#tinypilot-became-2...

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Re:I Sold TinyPilot, My First Successful Business by DougN7 on Wednesday May 29, 2024 @08:09PM (#40518655)
So your personal net income in 2022 was $10,447? That’s not enough to live on so I must be misreading it.
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Re:I Sold TinyPilot, My First Successful Business by mtlynch on Wednesday May 29, 2024 @08:22PM (#40518747)
My net income from TinyPilot was $10,447 in 2022, but I had other income from investments (mainly just boring index funds). But I live in Western Massachusetts and own my home (no mortgage), so my cost of living is fairly low.
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Re:I Sold TinyPilot, My First Successful Business by nunez on Wednesday May 29, 2024 @11:26PM (#40519786)
Incredible!
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