I am medically retired and disabled and have decided to start breeding snakes as a hobby to keep me active. I will be selling what I breed, but what I want to know is when does it stop being a hobby, and start being a business? When do I need to, or do I need to get an actual business name and account and start filing taxes on it all?
I think when you start to make a profit, and not use all the money to keep the hobby afloat, it becomes a business. Be careful a lot of the time when it does become a business, it loses its charm and fun.