Quote:
Originally Posted by tinico  Basically, I'd like to pick up a hobby, and in case some people might have and interest in my creations I could sell them. Something like 500$-1000$ a year. how do I declare that? do I need to create a company?
No Family here, as far as I know I am the only one of my family here. |
Not a lawyer but I'm quite familiar with these types of things. My answer is going to be very generalized because your post is vague as fuck.
If that's all you're hoping for, skip incorporation. You don't need a lawyer for any side project that small. When you start doing about 5 digits you can think about it. Operational trademarks/copyrights can be applied retroactively but enforcing them is a whole different animal.
If you really want to, go here:
Corporate Registry ? BC Registry Services
Read the entire website -- don't miss a single thing. Screw up and you don't get your money back. Unless you have massive global ambitions, patents/IP, or you will want to enforce trademarks in the future you can do it from home for about $300. I'm not going to explain much more because you're going to have to get used to doing your own homework/ reading things if you want to succeed in business.
Otherwise you're looking at $3-5k/year for a lawyer to do the same thing. A lawyer will give you slightly more protections but for doing sub-$50k/year of business it's not worth it.
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