I am planning to open an online store e-commerce and i want to know do i need a business license or certificate in order to open one?
Hello, Online business law should be the same as for traditional business. Where do you live? The only problem when you open an online business is that money will go to your bank account, so tax office might catch you. What we do is receive payment abroad where it's easy to open a bank account with just a passport and where online gateways as Paypal or others do not ask any questions (not EU not US). If you need more info please tell us.
Register a DBA in your area, or incorporate. Next, register for a federal tax id number (EIN) and with your state for a state sales tax permit. Open a business bank account under your new business name. You can use a personal account, but it's a much better idea to use a separate account for tax and accounting reasons. There's not much requirement beyond that unless you are selling a product that is under additional regulation. Do some research or hire someone to teach you how to do your business taxes and keep your books.
I am planning to open an online store e-commerce and i want to know do i need a business license or certificate in order to open one?