Does Patreon count as a business?

Sole Proprietorship. Most people using Patreon will file their taxes as a sole proprietorship. As a sole proprietor, you will report your income on Schedule C of your Form 1040. If you file in this way, all of the income you record will be subject to both federal income taxes and self-employment taxes.

What are the requirements for Patreon?

To create an account you must be at least 13 years old. To join a creator’s membership as a patron, or provide a membership as a creator, you must be at least 18 years old or have your parent’s permission.

Is Patreon considered self-employment?

Income from Patreon, Substack, and similar platforms qualifies as self-employment income and it can make taxes especially confusing, so here are three things you need to know about taxes on Patreon income: Two, most Patreon members won’t get any tax forms.

Do I have to pay taxes on Patreon?

Does Patreon withhold any taxes from my payments? No – Patreon doesn’t withhold anything (aside from our fees) from your funds earned on Patreon.

What kind of business is Patreon?

Patreon provides business infrastructure to independent content creators: people making videos, music, podcasts, paintings, comics, games, magazines and other forms of media for fans online.

How do I create a business on Patreon?

Setting up a campaign is pretty simple. Create an account at Patreon.com and then select the option “Become a Creator.” It will walk you through several simple screens asking you more about the campaign you have in mind. Once you have the basics, you’ll come to a screen where you can start building your campaign.

How does Patreon handle membership and payments?

As a creator you make your membership available on Patreon, and we provide membership to your patrons on a subscription basis. We also handle payments issues such as fraud, chargebacks and resolution of payments disputes. We try to provide timely access to your funds, but you may occasionally experience delays in accessing your funds.

How old do you have to be to create a Patreon?

To join a creator’s membership as a patron, or provide a membership as a creator, you must be at least 18 years old or have your parent’s permission. You are responsible for anything that occurs when anyone is signed in to your account, as well as the security of the account.

What licenses and permits do you need to sell online?

What licenses and permits do you need to sell online? 1 Seller’s permits. Alaska, Delaware, Montana, New Hampshire, and Oregon have no state sales tax, so you don’t need to worry about seller’s permits there. 2 Reseller’s permits. 3 General business licenses. 4 Employer licenses and permits. 5 Professional and industry licenses.

What happens if I get sued for using Patreon?

To summarize: If we are sued because of your use of or conduct on Patreon, you have to help pay for it. You will indemnify us from all losses and liabilities, including legal fees, that arise from these terms or relate to your use of Patreon. We reserve the right to exclusive control over the defense of a claim covered by this clause.