Many believe that if you are making minimal sales or not selling full-time, you do not have a business and instead have a hobby. It's important to understand both the national and local rules regarding your sales to make sure you are compliant and avoid unexpected penalties and fees.
To determine what you are legally obligated to do to register your business and stay compliant, you must first decide what type of business structure you will have. A business structure defines how a business is registered and operates and what type of taxation options it may have.
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