My friend and I are both 20 years old and we wanted to go web designing for local businesses who we know pay $2000+ a year for their dinky sites. I was going to offer to remake the site even better for significantly less and my buddy is a great film/photographer with heavy equipment so we were going to inclue pics, etc with the websites. Do we technically need a license or official tax ID number? And is there risk involved if we create well formed contracts? Would anyone come after us if we just reported all of the income to the IRS?