Thank you in advance for taking the time to answer this question, which is, "What is really necessary, legally speaking, to get one's own VO business off-the-ground and flying?"
I hope this isn't too much to throw at you at once; I'm just trying to research all of the "hidden" aspects of the VO industry. Thank you again, in advance.
- What is needed for taxes in terms of filing, deductions, etc?
- Does one need to be incorporated, or something along the line of formally declaring oneself as a business?
- Are there other issues that one needs to be aware of in terms of starting and running a VO business? If one provides VO services as a contractor, is this one and the same as having a VO business or is it different?