Do I need to incorporate to sell on internet

E-Commerce is like any other business, what ever profit you get has to
be declared as income and local taxes will apply for clients from your
own state or province.

Your merchant account can deposit the money from electronic sells in
either a personal or corporate account once a credit checked has been
done on the account.

In Canada, no business licence is required since individuals are
allowed to be independant contractors ,that income has to be declared
as personal income.

If you run a company, you will have to declare it in your revenue but
then again all your expenses (shopping cart, server, design team, ISP
etc....)can be deducted as a business expense.

I haven't had to deal with individual starting e-commerces in the US
(most my clients are companies)but i believe that individuals would
not need a licence of any sort but I would look into it before
starting anything.

PA

ashualwar.RemoveThis@yahoo.com (Ashutosh MIttal) wrote in message
news:<gfq5009eb9clelvrud43dnk11etmndgoct.RemoveThis@4ax.com>...
 > Hi,
 >
 > Any suggestions if I need to incorporate if I want to sell small
 > products like gifts, clothes online.
 >
 > Would it be sufficient if just launch a website and start selling?
 > if yes, Where would all the profit/loss goes (i.e. in tax terms), how
 > do I file for taxes; with my personal income tax return?
 >
 > Any help is much appreciated.
 >
 > Thanks
 > Ashutosh Mittal<!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Do I need to incorporate to sell on internet 

pa RemoveThis @itesi.com (PA) wrote in message
news:<hi5c005mt6ak3vsdvfeefuhuq8e169gqi8 RemoveThis @4ax.com>...
 > E-Commerce is like any other business, what ever profit you get has to
 > be declared as income and local taxes will apply for clients from your
 > own state or province.
 >
 > Your merchant account can deposit the money from electronic sells in
 > either a personal or corporate account once a credit checked has been
 > done on the account.
 >
 > In Canada, no business licence is required since individuals are
 > allowed to be independant contractors ,that income has to be declared
 > as personal income.
 >
 > If you run a company, you will have to declare it in your revenue but
 > then again all your expenses (shopping cart, server, design team, ISP
 > etc....)can be deducted as a business expense.
 >
 > I haven't had to deal with individual starting e-commerces in the US
 > (most my clients are companies)but i believe that individuals would
 > not need a licence of any sort but I would look into it before
 > starting anything.
 >
 > PA
 >
 > ashualwar RemoveThis @yahoo.com (Ashutosh MIttal) wrote in message
 > news:<gfq5009eb9clelvrud43dnk11etmndgoct RemoveThis @4ax.com>...
  > > Hi,
  > >
  > > Any suggestions if I need to incorporate if I want to sell small
  > > products like gifts, clothes online.
  > >
  > > Would it be sufficient if just launch a website and start selling?
  > > if yes, Where would all the profit/loss goes (i.e. in tax terms), how
  > > do I file for taxes; with my personal income tax return?
  > >
  > > Any help is much appreciated.
  > >
  > > Thanks
  > > Ashutosh Mittal


You do not necessarily NEED to incorporate. As with any business
venture, you must weigh the risks you are exposing yourself to and
determine if a sole proprietorship is really what you want. Most
attorneys would likely suggest incorporation.

Business licensure requirements vary by state and even locality. And
even on the various levels, requirements vary by profession and can
vary by revenue projections.

Visit the official web sites of your government on all levels (state,
county, city, etc.), on these sites, they generally have a
questionnaire that will help you determine if you need a license or
not.

Jeff Barker
Merchant Connections of Virginia<!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Do I need to incorporate to sell on internet 

Ashutosh,
As others have replied, you do not need to incorporate, although you
may choose to. It is a personal choice and you must weight the
different factors.
Here's a good place to start with the real basics:
<a style='text-decoration: underline;' href="http://www.quicken.com/cms/viewers/article/small_business/53711" target="_blank">http://www.quicken.com/cms/viewers/article/small_business/53711</a>

One suggestion, based on my own experience...don't get too hung up on
the incorporation aspect or you will be stuck in "analysis paralysis"
and fail to move your business forward.

Yes, what the business earns if you do not incorporate (so by default
you will be a sole proprietorship) will go directly on your own taxes.
Same thing for the business deductions (computer costs, other
business costs).

As always with these things, it is money well spent to consult an
attorney and tax advisor.

In Success,
Laura W.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Ordinary people are making EXTRAORDINARY
money WORKING FROM HOME on the Internet!
<a style='text-decoration: underline;' href="http://www.createcashforyou.com" target="_blank">http://www.createcashforyou.com</a>
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~



ashualwar RemoveThis @yahoo.com (Ashutosh MIttal) wrote in message
news:<gfq5009eb9clelvrud43dnk11etmndgoct RemoveThis @4ax.com>...
 > Hi,
 >
 > Any suggestions if I need to incorporate if I want to sell small
 > products like gifts, clothes online.
 >
 > Would it be sufficient if just launch a website and start selling?
 > if yes, Where would all the profit/loss goes (i.e. in tax terms), how
 > do I file for taxes; with my personal income tax return?
 >
 > Any help is much appreciated.
 >
 > Thanks
 > Ashutosh Mittal<!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Do I need to incorporate to sell on internet 

Well that's good beacuase I need to sell a few things on the internet.
 >> Stay informed about: Do I need to incorporate to sell on internet