I want to try these types of websites out, where I register as a freelancer and bid on clients and etc. I only plan on doing few, therefore only making me a *theoretical* couple hundred $ per month (obviously it depends wildly on if I am successful or not).
I have no desire to expand a home business farther than that at this time. In fact I may not even do it that regularly. Just something if I have the urge to do it. I just want pocket money, I have a day job that I won't quit. However, I want to start getting to do this more and more often as time goes on and hopefully I will have enough practice that I can be a real freelance dude full time some day.
However, I am clueless as to the legal process for this. If I do actually end up making a serious amount of money doing this (let's pretend hypothetically I ended up making a few thousand next year, seems like a lot but it is just pretending)... am I supposed to register myself as a small business with someone? Is there some kind of process I'm supposed to go through to get started? Or can I just go ahead and get started doing projects and then pay taxes on the income I make? If there is a process, where do I go first and what should I know first, etc? In terms of what kind of forms and gov entities am i supposed to contact and all that.
I'm asking this because in the past few weeks I started dipping my feet into this kind of thing just for fun on some lesser known websites for this kind of thing and I ended up making $200 in just 2 weeks only doing a couple small jobs. That kinda made me think, uh oh, I can actually make more money than I thought and now I wonder about the legalities of what I'm doing.
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