The laws can vary not only by country, but by state, county, and as far down as zoning laws in your town. For example, where I live the zoning laws technically prohibit me from joining a direct sales company as a home business, but I could make and sell candles or jewelry (as long as customers don't come to my home).
How you register your business and how you pay taxes depends on what kind of a business entity you are. If you run your business under your own name it's different than if you do business with a company name, but haven't formed a business entity, and it's different still if you form a partnership or corporation.
The best way to know what you have to do is to contact your local government such as a town or county clerk. The Small Business Administration should also be able to help. And professional advice from an accountant and attorney is advisable.
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