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”?

Questions about running your own business and taxes.?

Question by Legendary: Questions about running your own business and taxes.? I run my own business, but it is not registered with the state yet. When I do my taxes, can I still write off my expenses? Also, what are the pros and cons of having a business registered? It is an online business. Best… Continue reading Questions about running your own business and taxes.?