Starting a small business
in Business, Accounting & Taxes ·
Get to the point; your topic is far too broad. People are already aware of the basics, but I doubt they have the patience for vague generalities. Registering as a sole proprietorship is undoubtedly your most cost-effective route—though I’m not quite sure what you mean by "home-based hobby business." You need to get to an accountant immediately to run the numbers and find the cheapest way to get moving. Are you planning on having any sort of coverage? It would be wise to ensure you don't end up on a federal delinquency list for unpaid taxes and payroll contributions within six months, forcing you to shut down your business because you simply can't keep up with the debt.