Cranberry sauce in a can . Just give me a damn spoon and I ' m good . <| sep |> So in order to have minimum impact on my financial aid money , is it better for me to sign my business up as a sole proprietor or a LLC ? It won ' t make a difference . If you earn profit , it counts as income . I suggest you calculate your profit , and Monday call your financial aid people and ask them how much adding that amount of profit hurts your aid package . You may wish to consider halting operations depending on their response . When calculating profits , remember that inventory items are assets until you no longer have them on your property or in your control . If you spend $ 10 K on inventory tomorrow , that ' s fine , but you didn ' t actually have an expense from the perspective of the IRS until some of it sold . most things that I sell are stuff I areDon ' t ever tell the general public where you get the stuff you sell or who you sell that stuff too . It ' s a poor practice . I suggest editing your post to take that info out ASAP .