Im beginning the journey of taking my longtime hobby into the business phase of things. For all of you seasoned business folks here, what do I need to do in order to get started and be legal? I know I need product liability insurance for starters. I am the only one making/selling the candles currently, so do I make my business an LLC, Inc, etc etc? I also will be launching a website to sell online, what do I need for that in regards to taxes and all that. Do I need to apply for a tax ID number from the IRS or what is it.
I read through TT's sticky in the business section, but it mostly just covered insurance. Im sure there are other things I need to do in order to run a business other than insurance.
Thanks for any information!