If you're only earning $10,000 a year from your venture, you also have other important issues, namely, have you done the right business planning to make your business a success? If you're serious about moving forward with your business, speak to an attorney and an accountant to determine the business form (corporation or LLC) that's right for you.
Nina L. Kaufman, Esq. is an award-winning New York City attorney, edutainer and author. Under her Ask The Business Lawyer brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and LexAppeal weekly ezine. She also writes the Making It Legal blog.