If I'm starting an online business, do I have to register it with my state?
- SuccessLv 61 month agoFavorite Answer
If this is more of a hobby than a business...you are making crafts and selling them...then you do not have to register your business...you just declare it as 'Hobby Income' on your tax return.
If you are planning to open an on line shop or consulting business or even an info website, you should register the business so you can take advantage of the various tax deductions that your business generates.
And so you don't get a fine when you file taxes.
- CiCiLv 61 month ago
yes for tax reasons