License for eCommerce?

Discussion in 'eCommerce' started by dynamichost, Nov 7, 2011.

  1. #1
    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?
     
    dynamichost, Nov 7, 2011 IP
  2. makeonlineshop

    makeonlineshop Member

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    #2
    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.
     
    makeonlineshop, Nov 8, 2011 IP
  3. jestep

    jestep Prominent Member

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    #3
    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.
     
    jestep, Nov 8, 2011 IP
  4. stevemack

    stevemack Peon

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    #4
    i came to know about the process of it and thanks jestep for making it understand to every one.
     
    stevemack, Nov 8, 2011 IP
  5. shanmarsh1

    shanmarsh1 Peon

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    #5
    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?
     
    shanmarsh1, Nov 12, 2011 IP