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Do I need to register my business with the government?

  • avatar

    by: iamdog
    SaleHoo Junior Member
    35 posts

    Do I need to register my business with the government?

    Posted 13 Mar 10 6:41 pm.

    Hi everyone!

    I have a huge headache in my head and need to fix it. Can anyone help me?

    What do I have to do to my store "official" with the government?

    In more depth what Im saying is like do I need to register my business with the government?
    If so how? I live in IL BTW
    Its online too is that different?

    Also how do I return tax that I collected?
    I heard I need a a tax id number?
    How do I get that?

    Anything else?
    THANKS
  • avatar

    by: 8828money2
    New SaleHoo Member
    1 posts

    Re: Do I need to register my business with the government?

    Posted 15 Mar 10 12:29 am.

    Hi, I’d like to share some information I came across related to this query.
    The answer is yes. :) Creating an online business venture is similar to any other kind of business formation and the founders are required to adhere to specific ecommerce law and taxation. There is a need for you to define the legal structure of your online business. This legal structure and the kind of business activity you will be engaging in will determine the type of tax you will be required to pay.
    The following links will be useful.
    link hidden
    link hidden
    For registering and tax id matters in Illinois, link hidden
    Hope this helps. :)
  • avatar

    by: richellemonfort
    SaleHoo Staff
    3410 posts

    Re: Do I need to register my business with the government?

    Posted 15 Mar 10 3:15 am.

    @8828money2: Thanks for helping out on this one! :)

    @iamdog: In the past there wasn't really that much of a need to register your online business especially if you were not doing this as a full time thing. But because recently a number of States are pushing laws for taxation of online income, I'd have to agree with 8828money2 on this one.

    Here are additional guides that may help you with registering your business:

    http://www.salehoo.com/education/business-setup/registering-a-business-in-the-usa
    http://www.salehoo.com/education/business-setup/five-reasons-to-get-a-tax-id

    Hope this helps.

    Cheers!

    Richelle

    Customer Support
    SaleHoo Group Limited
    Sell more with your own professionally designed and search optimized e-commerce website. Check out SaleHoo Stores now!

  • avatar

    by: fudjj
    SaleHoo Staff
    2859 posts

    Re: Do I need to register my business with the government?

    Posted 15 Mar 10 3:22 am.

    Yes, it's no big deal, as I have already mentioned to you in the PM. It's essentially all taxation related and a visit to local accountant will tell you exactly how you need to report your earnings.

    Cheers

    Marc Ransom

    Community Manager
    SaleHoo.com

    About the Community Manager

  • avatar

    by: tvcmall
    SaleHoo Junior Member
    38 posts

    Re: Do I need to register my business with the government?

    Posted 15 Mar 10 2:42 pm.

    In my option ,it's depend on what kind of business you are doing . in china , if only very small business , offen no need to register with the government , but if you business grow more bigger , than small company , even big company !

    China wholesale drop shipper especially acceries repair parts
    link hidden link hidden
    Listed Supplier on SaleHoo

  • avatar

    by: iamdog
    SaleHoo Junior Member
    35 posts

    Re: Do I need to register my business with the government?

    Posted 16 Mar 10 10:25 pm.

    Okay thanks everyone!