I thought the main reason is that if you registered as an LLC then you would not be held responisible if some person wanted to sue you because they lost all their money. The other reason is part to pay taxes so if they ever do legalize it I am all setup and ready.
I am sure most people dont worry about any of that and just go on as themselves without registering as a business but I want to know from the people that have registered as a business how they did it. Do you just do Schedule9 or are you an LLC or something else?