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Registering Store as a Business

Should it be my goal to register my online store as a business with the IRS (US). it is at the point where it is hobby level, just making a little more than the items are worth and not much volume now, but I now have the chance to scale the business to make more. at that point should I just go ahead and register it as a business? is there a benefit to me for keeping it at the hobby level for a while?

thanks guys.

submitted by /u/macaronist
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