Tax information: The proprietor is responsible for every transaction. What that means is that your debts, liabilities, income, and losses are taxed on your personal income tax return at normal rates. You also are subject to payroll taxes and self-employment taxes on the money you earn. Partnership — A partnership is where two or more people are the owners and have equal shares in money spent and earned, like Ben & Jerry. Although partnerships are easy to form and may be cost-effective, every member has shared liability. You can vary this legal structure by having a limited liability partnership, or LLP, which protects business partners from the actions of others if a business goes south.
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Repurposing content means re-using your existing content and presenting it in a fresh format that extends its lifespan and audience reach.
After getting started on your blog through the blogging platform of your choice, you can expect to earn $1000 to $10,000 in your first year of blogging. After the initial phase, your blog will start to generate an increased revenue stream, but only if you are consistent with your blogging efforts.