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At what point does a side-hustle/hobby require an occupational license?

Posted on 7/20/21 at 7:57 am
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22237 posts
Posted on 7/20/21 at 7:57 am
What are the criteria that mandate an occupational license when a side-hustle/idea becomes a significant income generator?? Are home-based businesses exempt? Asking for a friend...
Posted by BarryMcCokner
Nola Area
Member since May 2017
277 posts
Posted on 7/20/21 at 7:59 am to
Whenever the government finds out you're generating revenue, they want their tax money
Posted by LSUShock
Kansas
Member since Jun 2014
4913 posts
Posted on 7/20/21 at 8:27 am to
You can just treat it like a Sole Proprietorship and pay taxes that way. Not Your Dad's CPA is a great resource for this kind of thing.
Posted by baldona
Florida
Member since Feb 2016
20396 posts
Posted on 7/20/21 at 10:25 am to
quote:

At what point does a side-hustle/hobby require an occupational license?
What are the criteria that mandate an occupational license when a side-hustle/idea becomes a significant income generator?? Are home-based businesses exempt? Asking for a friend...


If your business requires a license it requires a license, there's rarely an income requirement. If you are a general contractor and that requires a license it doesn't matter if you do one job for $5000/year or millions.

I'm not really sure where you are coming from and I'm assuming you don't want to give a lot of details, but it rarely matters how much revenue you are doing.

You can likely contact whomever manages your licenses and get the information to "get into the business".
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 7/20/21 at 8:37 pm to
Home based businesses are not exempt from occ liicenses. In my parish, the base fee is $50/year, and it increases according to business volume.

Also know that home based businesses usually require a separate permit if you live in property that’s zoned residential. If you are filing business income taxes or advertising your business, go ahead and get your home based business properly permitted and licensed. You don’t want a nosy or disaffected neighbor complaining to code enforcement that you’re doing whatever without a proper permit.
Posted by tigerfoot
Alexandria
Member since Sep 2006
56204 posts
Posted on 7/20/21 at 10:09 pm to
Do you mean occupational or occupancy?
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35479 posts
Posted on 7/21/21 at 6:53 am to
quote:

Are home-based businesses exempt?


I'm not sure how this in even a question.
Posted by arcalades
USA
Member since Feb 2014
19276 posts
Posted on 7/21/21 at 4:06 pm to
quote:

hungryone
why would anyone downvote this guy's post? if the info is wrong, say it please. Otherwise what's the point of downvoting.
Posted by Gauxt
Prairieville
Member since Oct 2013
324 posts
Posted on 7/21/21 at 4:55 pm to
Play it safe and get the license..it sounds like whatever business you have it is growing
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