That's very helpful, thanks. You just touched on something else that I'm curious about: insurance. Looks like Uber provides some coverage as a supplement to my personal insurance when giving a ride. (https://www.uber.com/us/en/drive/insurance/). So, if I understand you correctly, I'd need to inform my personal auto insurance company that I'm driving for Uber.
Thanks for this great article. I have what might be a unique situation and would appreciate your thoughts. I already have a small consulting business (just me) for which I have an LLC. Business has fallen sharply due to the pandemic but I do expect it to rebound and want to supplement my income for the next few months. I wonder if I'm able use my existing LLC as an Uber Driver.
RIDEGURU
That's very helpful, thanks. You just touched on something else that I'm curious about: insurance. Looks like Uber provides some coverage as a supplement to my personal insurance when giving a ride. (https://www.uber.com/us/en/drive/insurance/). So, if I understand you correctly, I'd need to inform my personal auto insurance company that I'm driving for Uber.
Thanks for this great article. I have what might be a unique situation and would appreciate your thoughts. I already have a small consulting business (just me) for which I have an LLC. Business has fallen sharply due to the pandemic but I do expect it to rebound and want to supplement my income for the next few months. I wonder if I'm able use my existing LLC as an Uber Driver.