Exactly. By definition, in the US, this is a sole proprietorship and has no hard requirement s for legal filings/business plan/etc.
What definition? You can call anything a sole proprietorship. It doesn't ever have to make money.
Re:Six Months of Tiny Projects
by OldHand2018 on Wednesday November 18, 2020 @01:22PM
(#25140332)
> we may not all share the same idea of what a business is
The IRS has an opinion [1], and its a really good list! Make a copy of it and put a recurring appointment in your calendar to revisit it, think about it, and write down your comments.
[1] https://www.irs.gov/faqs/small-business-self-employed-other-...
When you repeatedly make sales and profit, you’re past the hurdle of not losing money on the operation. It’s a nice milestone on the entrepreneurship journey and worthy of a bit of celebration.