Thank you so much! I am the only person in this business. (So I guess I may have to file Single Member LLC).
I have a small follow-up question to clarify my understanding: Do I need to file or Single member LLC or submit any documentation at all if I want to submit losses and expenses to save on taxes if I don't have any profit by end of the year? Or can I claim those without having any LLC or any other documentation to formally declare my business? Thanks again.
