Quote Originally Posted by Kodieh View Post




Yes," business" was perhaps a bad way to word it. However, we don't necessarily have to incorporate and get tax numbers if it's under a certain profit amount and list it as hobby income on our personal taxes
(I believe).

Of course we'd be going to shows and talking with people, I'd be making sure we had a good online presence. I'm fairly familiar with fauna posting, I forgot to mention that.

Besides drumming out a nice website, I'm not seeing a lot of start up costs.

Thanks for the advice guys! Keep it rolling!


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If your intent is to make money, and you can prove this to the IRS, there is no reason to run this as a hobby. If you make money at it, the tax consequences are the same. If you lose money, you can deduct your losses in a business, in a hobby your deductions are limited to the amount of money you take in. You can file your business on a schedule C. I'd recommend filing LLC paperwork though, or incorporating as an S-corp, oh, and get some "actual" tax advice from a tax professional.

Good luck in your endeavor.