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Depending on where you live, as soon as you incorporate, you have to start paying taxes. If you're not making money, it's just an additional burden and likely e
by freehunter 9y ago
Depending on where you live, as soon as you incorporate, you have to start paying taxes. If you're not making money, it's just an additional burden and likely extra money involved.
You may also have to submit paperwork to the government every year describing your business in some fashion. Failure to do so might land you in some hot water. Basically, almost every business is subject to at least some kind of regulation in most jurisdictions, even if it's just bare minimum.