Recently I have had 2 companies contact me through my blog and ask to buy high resolution images to print on christmas cards for their clients.
The first sale I asked for $100 and they happily deposited it into my bank account.
The second company is quite a large real estate company and I have asked for a bit more money (the image is better).
My query is: to sell images to a company, should I be setting up an ABN? I.e. is it legal for them to purchase my image without me being a business?
The first company asked no questions but i'm wondering...if this continues to happen, i'll probably get asked for an invoice sooner or later.
I called the ATO and they said as it is a hobby and I won't earn over $75,000 i'm not required to create an ABN or register a business name to claim income. But I figure surely the businesses would ask?
Bit unsure on this one. Any help appreciated.