Quote: (06-27-2016 02:57 PM)XXL Wrote:
What about taxes? Do you register your company at all or is it more like a side hustle that provides you extra cash?
I formed an LLC in my state. You can probably do it is a side hustle and get away with it, but if you plan on scaling up you should want to form an LLC and pay taxes.
Without forming a business entity, you make yourself vulnerable to personal lawsuits and by not accounting sales in your tax payments that is essentially fraud (based on my limited understanding).