beth_leonard: (Default)
beth_leonard ([personal profile] beth_leonard) wrote in [personal profile] feuervogel 2013-04-20 04:51 am (UTC)

I realized that I may not have made it clear that federally you don't need to do anything to register as a business, you are a "sole proprietor" and you just report the income on your regular 1040 schedule-C and it gets taxed like regular personal income. That's why people are always screaming about how increasing the marginal personal income tax rates hurts small businesses.

--Beth

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