Hello. (I tried posting this earlier, but it doesn't seem to have turned up...my apologies if this creates a double post.)
I had a question whether it is necessary in law, if you are selling ebooks or other inforproducts on line and accepting money for them, to be registered as a business? Do most people do this, or do they just set up websites or whatever and start selling?? If it has to be a business, do you need business insurace, auditing and all of that? It seems very complicated...
This really depends on your location, as different countries will have different rules.
If you do sell online, and you're already earning, you'll need to keep records of sales for the taxman. You can also write off items against tax if they're for business use - for example your PC, your internet connection, things like that.
I'm in the UK, and found the Inland Revenue very helpful (don't laugh, other UK members!) Try a search for your govt websites for whichever country you live in, and see if they have any requirements. Also your local government - zoning laws, etc. Although online businesses aren't usually affected by those as you don't need a fleet of lorries to deliver your goods!
With any business, it is up to the individual owner of said business to ensure the success of the business. You may make more or less than any sample figures or results that might be quoted on our web sites or other publications. All business involves risk, and many businesses do not succeed. Further, Answers 2000 Limited does NOT represent that any particular individual or business is typical, or that any results or experiences achieved by any particular individual/business is necessarily typical.
