Discussion in 'Business & Tax Advice' started by kivd1, Aug 12, 2013.
I want to sell an online video service,
do I need to register as a business to do this?
Depnends on what scale you plan on selling videos.
What is your country?
You can try it first without register your business. If you have massive orders then you need to register your business.
You should start it off first to test the waters out and see how it does for you. If you find success and would like to continue running the same business, you may want to register it so you could scale it up. It would also depend upon the country that you operate from, so it would be good to look for information relevant to the country that you come from.
if your going to make it a prime source of income you should just set up a LLC with just you in it
If your not shipping a physical product or having a physical presence, I wouldn't register a business until you make the money to do so.
But how can I accept payments without a business?
if your Country requires - you need to register within 3 month - don't play with tax!! you register as sole trader,you pay tax after your income,- may get first advice from a solicitor
It can be done without registering a business.. but register a good domain name related to your services and create a quality site, do SEO for that so that you would be getting visitors from search engines.
No you do not need a business to sell online.
However each country has a limit on how much money you can earn without a business,and without a business there are some payment options you can not get.
I started without a business and when i earned enough money i registered a company,when you start without a business then you can get a picture on how much you can earn and how much it would cost you to setup a business.
You can use a 3rd party payment processor for that.
Use 2checkout.com for your payment solution.. it is best for you and safe. can accept all types of payment and good for avoid fraud buyers.
You don't need a business to sell online.
100% of experienced business men will all give you the same answer. No.
Try out your business idea first, if - and only if it works, at that point, you should come back and ask the same question here at BHW.
100% of accountants will give the exact opposite advice experienced business men will give. Pay little attention to accountants related to this exact question and you can often avoid wasted effort and money.
Expereinced businessmen know this: Most start up businesses fail. That's just the truth.
Definitely not. lol
Your country, nature of business, amount of taxable income, sales volume would decide whether you have to or not!
If your business scale is to high you need to.
Yes, are you planning on fail?
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