I have decided that I want to sell photo prints. Not as a full time job, more on a part time, free lance basis. I am not sure I will make a major profit, and if I do, not any time soon as I slowly build-up a business (and I know the compeition is fierce as with any form of art).
I have been doing research and I am still a little confused on whether I would be a "hobby" or "business" on tax forms. I also wanted to know what else I need to do on the legal end of things. If I am printing photos at home (apartment) and selling them, even for a small profit, I assume I still need a permit? Or if I operate on light sales (under that $400 mark) at first, I can simply consider it a hobby? Do I need a permit for hobby sales?
All of these questions are for people based in the U.S.
Thank you for any help! I'm just trying to navigate all of the websites I have looked at, and with so much information, it has become a little confusing. I just want to make sure I start off right. I'm not rushing into anything, but some advice would be great. Thanks in advance!
I have been doing research and I am still a little confused on whether I would be a "hobby" or "business" on tax forms. I also wanted to know what else I need to do on the legal end of things. If I am printing photos at home (apartment) and selling them, even for a small profit, I assume I still need a permit? Or if I operate on light sales (under that $400 mark) at first, I can simply consider it a hobby? Do I need a permit for hobby sales?
All of these questions are for people based in the U.S.
Thank you for any help! I'm just trying to navigate all of the websites I have looked at, and with so much information, it has become a little confusing. I just want to make sure I start off right. I'm not rushing into anything, but some advice would be great. Thanks in advance!