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Self employed
Hello,
Thanks very much for the additional details. Just yesterday one of my family members made a really nice crochet scrunchy. I said if you make them in school colors maybe you could sell them! I've seen that you can make some really beautiful work with crochet.
I'm happy that there are experts weighing with good information to help you. Setting up a separate bank account is one of the very best ways to start keeping track of the money your business makes. If you only put money in from sales and take money out for expenses, you can watch the account grow and when it gets to a certain point, you can make a decision to take some money to pay yourself (for a sole proprietorship this is called an owner draw).
Having the separate bank account also makes bookkeeping much simpler since don't have to worry about separating out your personal expenses. Make the time and continue to learn about business and continue to use this forum to get your questions answered!
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