Do you have to register as a business?

Discussion in 'General Business' started by lui2603, Jan 26, 2008.

  1. #1
    Do you have to register as a business to legally trade as a business name online?
    If so, does anyone know how and where you do this?

    Another question.. about taxes:
    In the UK.. Do you have to pay taxes on online sales / ad revenue if you are over 16 or whatever age it is...
     
    lui2603, Jan 26, 2008 IP
  2. Barefootsies

    Barefootsies Well-Known Member

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    #2
    Not sure where you are? UK? but I made a post on this the other day.

    U.S.
    1. Go down to county clerk's office, register a DBA (doing business as). It's like $15-25
    2. Go to your bank, show them your DBA, open a business banking account. min deposit $50-100.

    Taxes
    If online is your sole source of income, or job (like me), then you have to pay quarterly. Fed n state. It's supposed to be an estimate to 110%. Talk to your accountant, or CPA.
     
    Barefootsies, Jan 26, 2008 IP
  3. lui2603

    lui2603 Peon

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    #3
    hm ok thanks for the quick answers..
    Do you know if this is the same for taxes in the UK?
     
    lui2603, Jan 26, 2008 IP
  4. Colbyt

    Colbyt Notable Member

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    #4
    From posts I have read here and other places, there is some form of "national" business license you have to apply for or buy in UK. I never paid a lot of attention to the name because I am not there.

    Most likely it is something similar to a business ID number here in the US.
     
    Colbyt, Jan 26, 2008 IP
  5. internetbrother

    internetbrother Guest

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    #5
    I think it depends on your country. I am in Korea and in Korea we have to register our business and pay tax. If we are going to make money with korean clients we have to.

    I promote websites to Korean search Engines.
     
    internetbrother, Feb 9, 2008 IP