CAN I USE PAYPAL IN MY ONLINE BUSINESS TO MAKE IT A LEGAL COMPANY?
AC/DC asked:
Hi,
I am starting a online commercial operation as well as we wish to know what have been a authorised procedures to have it legal, we mean, when people go there to publicize whatever they wish as well as compensate a sure volume of income per month to publicize regulating PayPal to me, we need to have it legal.
Hi,
I am starting a online commercial operation as well as we wish to know what have been a authorised procedures to have it legal, we mean, when people go there to publicize whatever they wish as well as compensate a sure volume of income per month to publicize regulating PayPal to me, we need to have it legal.
And if which functions with PayPal, which equates to we can additionally have use of Google Checkout as well as Yahoo! Wallet, isn’t?
What can we do to have my online commercial operation legal? What have been a procedures?
I live in Alberta, Canada. Please assistance me with suggestions as well as tips. Thanks!
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Posted on November 7, 2009 at 4:45 pm by SetupBiz.com · Permalink
In: Small Business · Tagged with: Amount Of Money, Legal Procedures, Paypal, Starting Business, Yahoo
In: Small Business · Tagged with: Amount Of Money, Legal Procedures, Paypal, Starting Business, Yahoo
on November 9, 2009 at 9:24 am
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You can use any of those methods to receive payment. The way in which you receive payment for your services usually have nothing to do with whether or not your business is “legal.”
on November 10, 2009 at 12:20 am
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You need to register your business in your province and with your national government.
Whatever the Canadian version of the American IRS should be notified too.
Paypal is legal in Canada as is Google checkout.
Using legal payment methods is not the only requirement to making your business legal.
on November 13, 2009 at 6:23 am
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Ah, well, I dont know what the procedures in Canada are, but you have to at least register yourself as a sole proprietor in a small business, $45 fee, and a name search – usually you can get away with a preliminary search for $10, or you may need to do the full search for $40 or so. Go here and select your region for full information:
Here in the US you need at the very least a Federal TAX ID number from the IRS. You can back that up with a fictictious name purchase from the state, and be ready to go using any made up name for your business. If you want to buy things tax free for resale, then you need to have a state issued resale certificate and use that to open an actual company bank account.