Updated: Sep 2, 2020
Sure it is okay to do something to make extra money as many refer to as a side hustle. But wouldn't it be nice to get tax write offs on those supplies that you used for that side hustle?
There are many benefits to registering, patenting, and branding your business legally. There are many tax write offs when you formulate your business to be a sole proprietorship, limited liability company (LLC), corporation, non-profit, etc.