Suppose you find a small business that makes you money. What are some good how to guides strictly about the administrative side of small business, such as incorporating, taxes, registration, etc?
For simplicity, my hobby has been buying X item for $10, and altering it for 30 min, it's worth $40, and I have a bit of left over of X item.
Its simple.
But its starting to transition into more of a business than a hobby and I'm considering scaling up. I would not hire employees. But I might buy equipment that would allow me to make more product per hour. Before doing that, I'm interested in learning about what counts as a legit tax write off, whether it's worth it to incorporate for liability purposes, etc.
But j don't need advice on FINDING a profitable business model. Just resources about requirements from a legal and administrative side.