What liabilities exist when running an online store? Jan 21, 2010
Posted by admin | Under UncategorizedI am in the process of starting an online business selling products and hoping to expand at one point to include a retail location. However, since I’m not there yet(having a store location), what concerns would arise from running a strictly online business?
Should I start out as a sole proprietor or incorporate right away?
Depends on how it is run, but if someone orders something and you delgate that order to a supplier, then you have almost no libaility.
As far as corp vs sole, sole is best until you are big. I would say if you are earning 80k a year, then maybe corp up. Until then, there is no real advantage.
Depends on how it is run, but if someone orders something and you delgate that order to a supplier, then you have almost no libaility.
As far as corp vs sole, sole is best until you are big. I would say if you are earning 80k a year, then maybe corp up. Until then, there is no real advantage.
References :
I own an online retail store.