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Do You Have a Hobby or a Business?

Up and Running

You have a vested interest in making sure it works. It forces you to consolidate it into a business identity while considering the market you’re entering, potential competitors, and what expenses, revenue streams, and milestones you need to hit. Sorry, but you definitely have to pay taxes and report your revenue to the IRS.

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The Five C’s For Making Your Business Credit-Worthy

Up and Running

There comes a time when every business must secure financing to cover their growing needs. Unfortunately the world of finance can be a bit tricky, especially when it comes to business loans. There needs to be a comfortable buffer between what goes out (expenses) and what comes in (revenue). Conditions.

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Do You Have a Business or a Hobby?

Up and Running

You have a vested interest in making sure it works. You have a vested interest in making sure it can support your lifestyle, allow you to quit your job and NEVER work for anyone ever again in your life. Talk to a CPA and/or an attorney to figure out the best structure for your business ( partnership , LLC , S-Corp , etc.).

Vesting 101