What is the advantage of registering a business name over running a “profitable hobby”?

Question by [ J ] a [ Y ]: What is the advantage of registering a business name over running a “profitable hobby”? Hi all. I’m seriously contemplating registering an online business (not going into too much detail), but I’m a little put-off by the fact that any income my business earns will increase the… Continue reading What is the advantage of registering a business name over running a “profitable hobby”?

Running a business without registering it, then registering it after 6 months, are there any penalties?

Question by Ezikeil: Running a business without registering it, then registering it after 6 months, are there any penalties? Hello there, I want to know if I have been running an online business selling web templates for 6 months and have not registered my business in the state I live in, can I register now… Continue reading Running a business without registering it, then registering it after 6 months, are there any penalties?