IGNORANCE IS NOT BLISS
It is one thing to know that you can do something, for instance, earn online income, but it is another to plan how to do the activity. When it comes to starting any type of business, there are some basic legal considerations and actions to be accomplished.
Performing business online, or just earning online income, is not without some basic regulation. For most new Internet entrepreneurs the most difficult part of online business start-up is learning exactly what is legally required.
Do It Legally
If you reside within the United States of America, I suggest starting with the Small Business Administration, the IRS, the U.S. Chamber of Commerce, and the Better Business Bureau. Use these institutions to help you learn what your local area requires for you to develop your small business legally and online. The Federal Trade Commission ( FTC https://www.ftc.gov/ ) provides extensive information regarding consumer protection and regulates truth-in-advertising issues:
The Small Business Administration
The Small Business Administration ( SBA https://www.sba.gov/ ) is the best place to start learning about what is required and where to go for help. The SBA has offices in every state of the nation ( https://www.sba.gov/tools/local-assistance ) and a wealth of information and services that are freely available online. Be sure to view their site map ( https://www.sba.gov/sitemap ) to quickly find answers.
The following SBA articles provide excellent startup information:
Follow These 10 Steps to Starting a Business
Setting Up an Online Business
Home-Based Business Zoning Laws
Choose Your Business Structure
How to Find the Right License and Permit For Your New Business
Licenses and Permits
State Licenses and Permits
Register Your Business
Learn About Business Laws
Just Started a Business? Understand your Tax Obligations
Filing and Paying Taxes
What is An EIN and Why Is It Important?
And, now to The Internal Revenue Service
( IRS https://www.irs.gov/ )
Apply for an Employer Identification Number (EIN) Online
A – Z Index for Business
Business or Hobby? Answer Has Implications for Deductions
Five Basic Tax Tips about Hobbies
Is Your Hobby a For-Profit Endeavor?
Income & Expenses
Question: How do you distinguish between a business and a hobby?
U.S. Chamber of Commerce
Better Business Bureau
TAX TYPES http://www.sars.gov.za/TaxTypes/VAT/Pages/default.aspx
These references and resources should get you started in the right direction.
For more information regarding how to start earning online income but in a less complicated manner, read the post: