There’s definitely some overhead but it’s not terrible. I actually have a startup called Hyke setup and manage mine for a decent monthly fee. My company is a single member LLC which employs me for a “reasonable” salary and then I take the extra profit as a distribution. One huge benefit is the distribution is only taxed at the employee side of FICA taxes (whereas I pay my half and my company pays the same on salary, same as a freelancer normally pays both sides) saving me a decently large amount of money. It more than covers what I pay Hyke and extra fees, even without getting into healthcare or anything.