I'm looking to start an online business. I've read it's not necessary to register the business but it's a good idea to in regards to the IRS if I start making "real" money. I'm not planning to sell anything you ingest, rub on skin, or anything like that. The closest thing to it would be a bowl and clothes of my own branding.
Reading which business to choose to scares me. Sole Proprietor looks like it would be a good choice since it's easy and common but your personal assets are connected.
If my products I sell would be "low-risk" category, does it make more sense to choose Sole Proprietor? Reading that if I get sued and my personal assets would be attached makes me fear I would be in ruin. Not that I plan to be but everyone sues over every little thing nowadays.
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