Don't worry about taxes first get the business. Like the rest said it will be hard, so don't quit your day job. I am retired now and I sell what I make at flea markets, I like that better I plan on doing about 5 or 6 this summer. I make them in the winter and sell in the summer. More time to fish. I just did three last year and had fun talking to the guys, but they are there looking for a good deal. They just don't know how much time and cost go into a lure. I know this did'nt help but its tough out there.
Crazywaynee