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    Is it a business or a hobby?
    My husband and I both work full time jobs. I run and IT Department and he works for the government and gets deployed often. About two years ago, we start seeking out Antiques and Vintage items that need love or a new home, rehabbing them, research their history (thats my favorite part) and then selling them online. We have store on Etsy. Basically the money that we make from this is mad money or an emergency fund, my daughter needed vision Therapy and we got his with a $8,000 bill that was not covered by insurance. In the past if an item does not get attention, we sent it to auction to recoup some of our investment. Since the auctioneer takes 30% of the final sale price that takes a big chunk. So we are creating our own eAuction web site to sell our overstock or take on consignments. I figure at this point we need to determine if this is a business or hobby. I am trying to figure out, if we need to register with the state and federal government as business or if we just continue paying taxes as addition income on our taxes. Can anyone help me figure out if we are a hobby or business. Here is where we sit:

    We make less than $10,000 a year after expenses.
    We average 15 to 20 hours per week working on the store
    I keep receipts and mileage
    We have business cards that ship with every order.

    So are we a business or a hobby?


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    I guess I am neither a business or a hobby.


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    Thank you for viewing my post, feel free to visit our store at www.derbayz.com
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    I read your post and i think I know of this business that help you situation.

    For more info visit this website
    Www.10x4success.com


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    Hobby or Brand?
    Hello Derbayz,

    We guys are those few and far between people, who can really enjoy what they are doing. If I were in your shoes, I would ask myself a question.
    1. Do I think, I will be doing this for next few years /decades?
    2. Will I be getting same or more money out of it in coming years or decades?
    3. Will some business benefits will help us?

    If answers to these question is yes, I would go for forming LLC.


    Also about your website, if you were our client, we would not recommend you for eAuction website, rather open your own website, develop your brand and while you are developing your brand, auction your items on other highly trafficked auction houses. If you need more advice, our brand experts can help you through your dilemmas.

    Thank you,


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    Support Team @YashaaGlobal

    info@yashaaglobal.com
    #904-990-7520
    YashaaGlobal
    We are Digital Marketing Agency Jacksonville, we are here to help you shine.
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    I guess you are a business.
    I started like you and now we have a big company that makes money out of renting offices, etc..


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    Somethings I consider somethings that you already though. I'm glad. Now, with some money I made with this method, i'm trying to hire a community manager for my business.


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    I'm also trying to hire someone to help me in answering some possible questions, simple and just as a recepcionist.


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    Because I gamble and it's pretty much a drug for me, especially when I start collecting good money and play https://www.megalithic.co.uk/article.php?sid=2146414636 here, very convenient casino and lots of bonuses and free pints, and very cool deposit system. Not every site gives this opportunity.


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