A few answers from other site
Do I need a license for my new business? I am a sole proprietorship.
A: Maybe yes,
maybe no. It is safe to say that most small businesses probably do not
need a license. For example, if you will be consulting (a typical and
popular small business) it is doubtful that you need a license. However
most states have licensing requirements for certain types of businesses
and you should check with your local government offices to see if your
specific business needs a license. Examples of businesses requiring licensing
include Barbers, Attorneys, Doctors, Dentists, Contractors, Insurance
Brokers, Opticians, Veterinarians.
I HAVE A HOME-BASED BUSINESS. DO I NEED TO GET A LICENSE?
You may. The number of individuals who own or operate businesses
from residences has expanded greatly in the last few years with the
result that many communities require the work or the business to be
licensed, regardless of the amount of revenue the home-based business
generates or whether or not the business is a part-time or full-time
enterprise. To avoid legal hot water, check out your licensing law
prior to putting the "shingle" up.
Equally important to a
home-based business is whether the zoning laws in your area permit the
operation of a home business. Some zoning schemes place limitations on
home-run businesses or outright proscribed them. Click on "Zoning" for more information.
Q: I run a site
that gets about 45,000 unique visitors and half a million page views a
month. We are mainstream and fairly respected in our field, but the
people who ran it before me never aggressively pursued advertising.
are being courted by advertisers and potential affiliates, and I intend
to market the site more sensibly. My question is, should I look into
incorporating or setting up an LLC if I expect to make (and spend)
thousands of dollars off the Web site in 2003? I think I can make at least hundreds a month easily.
got us a Federal Employer Identification Number because a trade show we
wanted to cover required it. Will I be required to pay taxes on the
site as personal income or will I have to fill out a separate return? I
am in Illinois.
What do you guys do?
If you are running a business, you will need to register as a business.
Consult an accountant and lawyer for tax and legal advice. You will have to pay taxes on your earnings.
It appears it a maybe case. I suggest you call your local tax office and ask.