Apologies if this is a silly question, but I am just starting out, and am unsure of how to really ask this:

I'm working on a project right now, nearly all by myself, but with the occasional help from a couple of close friends.
When starting to set up my game page, Itch told me I needed to select my payout method, which led me down this rabbit hole of trying to figure out if I need to classify myself as an Indie Dev "studio" and if I needed to write up paperwork, or anything regarding that. This is something I am pouring a lot of time and energy into, but I am still super green and want to not get myself into a mess or have to fix stuff later. 

Any and all assistance/ info on this would be greatly appreciated. Thank you.