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Which Corporation For A Hobby

There are many different ways to go about incorporating a business. For a hobby, the most important thing to consider is what type of business structure best suits the activity. There are four types of business structures: sole proprietorship, partnership, corporation,...

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How To Report Hobby Income Loss

In the United States, taxpayers are allowed to deduct hobby expenses up to the amount of hobby income. This means that if you have more expenses related to your hobby than income, you can deduct the excess amount on your tax...

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When You Sell Your Hobby

When you sell your hobby, you’re essentially selling a piece of your identity. For many people, their hobbies are an important and cherished part of their lives. So what happens when you’re forced to part with your hobby? There are a...

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