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with the new 1099-K from paypal is going to send me. Im goiong to hit the 20000 gross and 200 payments I have never claimed anything before. do i have to get a business license now? so i just collect all my expensives and do a schedule C? Any Input would help im in a this and dont know...

So I started Dropshipping Last year. My Gross Sales is going to hit 20,000 next month probably. I already hit 200 payments. Paypal has already asked for tax id or ssn In paypal im a Sole Proprietorship. on a Business account. I do not have a business license. So should i close up shop? Get a...