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Ey, I would like to create an online buisiness sometime, but I want to know how to make it official. Do I have to send it to the government or something? Or do I just make it and run it?
I live by Canadian Laws btw.
15 replies to this topic
#1
Posted 16 February 2007 - 09:07 PM
justin
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I am currently willing to do just about anything for $50 on paypal, anyone need odd jobs done?
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#2
Posted 17 February 2007 - 08:50 PM
xXHalfSliceXx
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justin said:
Ey, I would like to create an online buisiness sometime, but I want to know how to make it official. Do I have to send it to the government or something? Or do I just make it and run it?
I live by Canadian Laws btw.
I live by Canadian Laws btw.
You can get a lot of information here, and from the net. But my BEST suggestion is to go to a local Court House of some type in your town where you live, and talk to someone there.
#3
Posted 18 February 2007 - 03:14 PM
justin
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Ok, but do you think I can say I own this company, without teling the government or anything?
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I am currently willing to do just about anything for $50 on paypal, anyone need odd jobs done?
#4
Posted 18 February 2007 - 07:45 PM
xXHalfSliceXx
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justin said:
Ok, but do you think I can say I own this company, without teling the government or anything?
Not sure about that in CAN. But in the US, that would be like tax evasion...
#5
Posted 19 February 2007 - 11:52 AM
justin
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Ok, then how about saying "this product brought to you by Justin?"
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I am currently willing to do just about anything for $50 on paypal, anyone need odd jobs done?
#6
Guest_Jordan_*
Posted 20 February 2007 - 06:16 AM
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It is hard to say in Canada what you can/can't do. Are you selling goods or services?
#7
Posted 20 February 2007 - 06:10 PM
justin
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I plan on selling some websites (few.) So could I sell em without any government stuff?
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I am currently willing to do just about anything for $50 on paypal, anyone need odd jobs done?
#8
Posted 04 March 2007 - 07:37 AM
TVDinner
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Depending on how "legal" you want it to be i would go through the normal steps.
1) get an attorney or some help
2) create a company (s corp, C corp or llc). do organizational documents like normal.
3) open up a business account under the new business name
4) list the corresponding website on all organizational documents
5) create a payment method using either paypal or something similar, but have everything use the same identification options.
6) have an accountant in the mix, remember to pay taxes, etc.
thats a start. hope it helps
1) get an attorney or some help
2) create a company (s corp, C corp or llc). do organizational documents like normal.
3) open up a business account under the new business name
4) list the corresponding website on all organizational documents
5) create a payment method using either paypal or something similar, but have everything use the same identification options.
6) have an accountant in the mix, remember to pay taxes, etc.
thats a start. hope it helps
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#9
Posted 05 March 2007 - 12:27 PM
bondaks007
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I do not think that you are required to tell the government as such of the online business you are running. If you are selling websites just on behalf of someone else on commission basis then there is no need to tell it to someone. But make sure that everything is legal in a way that you are not cheating others.
#10
Posted 06 March 2007 - 06:14 AM
TVDinner
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bondaks007 said:
I do not think that you are required to tell the government as such of the online business you are running. If you are selling websites just on behalf of someone else on commission basis then there is no need to tell it to someone. But make sure that everything is legal in a way that you are not cheating others.
it is not about telling anyone. If you are making money, there are taxes to be paid. so one way or another they will eventually know.
the other thing is liability and insurance. you want to protect yourself from legal action and creating a company can put a layer between you and legal action.
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#11
Posted 13 April 2007 - 10:54 AM
DevilsCharm
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I want to start an LLC but my business legally doesn't need to until we make $5,450 a year, or maybe it is a month... anyway, if we're ever making that high, we'd get one anyway.
#12
Posted 14 October 2007 - 07:02 AM
ProServ
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Unfortunately, this isn't correct.
You are required to report all income to the IRS (in America). All the income may not be taxable, however it must be reported.
I'll post another thread on different business types and how they can be created/dissolved.
You are required to report all income to the IRS (in America). All the income may not be taxable, however it must be reported.
I'll post another thread on different business types and how they can be created/dissolved.
bondaks007 said:
I do not think that you are required to tell the government as such of the online business you are running. If you are selling websites just on behalf of someone else on commission basis then there is no need to tell it to someone. But make sure that everything is legal in a way that you are not cheating others.
