I have a hobby that is stepping up into being a bit of a mini business. Does anyone have any similar experiences?
My passion is for all things food and I've started a website as a resource and portal for like minded people. I'd like to do it properly and give it what it really needs the problem is that this takes cash. I don't mind spending it but would like to find a way to get the most out of it by possibly getting a vat number etc.
Is there any legal template or structure for "professional hobbies" or business models that don't need to make profit?
My passion is for all things food and I've started a website as a resource and portal for like minded people. I'd like to do it properly and give it what it really needs the problem is that this takes cash. I don't mind spending it but would like to find a way to get the most out of it by possibly getting a vat number etc.
Is there any legal template or structure for "professional hobbies" or business models that don't need to make profit?