Wholesale & eBay Forum General Selling Advice & Tips Do I need to register my business with the government?

Do I need to register my business with the government?


iamdog
Full Member
  • Posts: 35
  • Joined: 02 Feb 10
  • Karma:
13 Mar 10 06:41:01 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


8828money2
Free Member
  • Posts: 1
  • Joined: 11 Mar 10
  • Karma:
15 Mar 10 12:29:21 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.
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For registering and tax id matters in Illinois, Link hidden: Login to view
Hope this helps. :)


richelle_salehoo1
Site Admin
  • Posts: 5231
  • Joined: 20 Oct 08
  • Karma:
15 Mar 10 03:15:44 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:

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Hope this helps.

Cheers!


Richelle

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SaleHoo Group Limited
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fudjj
Site Admin
  • Posts: 6364
  • Joined: 27 Jul 07
  • Karma:
15 Mar 10 03:22:48 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


Mark (fudjj)

Community Manager
SaleHoo.com

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tvcmall
Full Member
  • Posts: 37
  • Joined: 21 Dec 09
  • Karma:
15 Mar 10 02:42:42 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
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Listed Supplier on SaleHoo

iamdog
Full Member
  • Posts: 35
  • Joined: 02 Feb 10
  • Karma:
16 Mar 10 10:25:32 pm
Okay thanks everyone!


 

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