{"id":2871,"date":"2019-12-26T10:00:00","date_gmt":"2019-12-26T16:00:00","guid":{"rendered":"http:\/\/ayala-insurance-service.one.zysites.com\/blog\/when-does-a-hobby-become-a-business\/"},"modified":"2019-12-26T10:00:00","modified_gmt":"2019-12-26T16:00:00","slug":"when-does-a-hobby-become-a-business","status":"publish","type":"post","link":"https:\/\/www.ayalainsurance.com\/es\/blog\/when-does-a-hobby-become-a-business\/","title":{"rendered":"When Does A Hobby Become A Business?"},"content":{"rendered":"

When Does A Hobby Become A Business?<\/span><\/p>\n

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You take a painting class, and it turns out, you’re a natural. Before long, you’ve got friends asking you to do portraits for them. Soon enough, strangers are asking for portraits, too. Now, you must start charging for services, because it’s your hobby is becoming something of a day job. But you’re not sure when, exactly, you crossed that line. One day you were just having fun painting your friend’s dogs, the next you were seriously looking into quitting your 9 to 5 to paint full time.<\/p>\n

It’s important to know where the line is drawn for two big reasons: Taxes and insurance. You can’t make business deductions on a hobby, and you don’t want to run a business without insurance. So, when do you really have to make the leap?<\/p>\n

There’s no set-in-stone answer. There’s no specific dollar amount where the profit makes you officially a business owner. But for insurance purposes, let’s consider a few questions:<\/p>\n