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If you are starting a new business on eBay recognize that you will need to treat your business just that way; as a business. That means that there are several things you need to do before you even get started working to actually make money on eBay. That means that you need to take the time to get you business organized and authorized.

Are you ready to make money on eBay? Make sure that you know the right type of business enterprise for you. It might be a sole proprietorship, a partnership or a corporation. There are costs and benefits to each of these entity types. Seek legal and financial advice as you make this decision.

If you plan to make money on eBay with your business start by obtaining all of the appropriate local, state and federal licenses and permits that are required of all businesses. Be sure that you obtain a federal tax identification number. Also develop plans for paying the taxes that your business will owe as the sales and profits begin to roll in.

The good news is that you can make money on eBay. However if you make money you are going to be required to pay taxes and fees on that money. Be sure that you are informed about the various local, state and federal taxes and fees that you business must pay. Again a quick meeting with an accountant or CPA can help to get you started correctly.

There are many activities associated with starting a business. It is important that the entrepreneur invests the time to obtain all required business licenses and permits. It is also critical to understand, register and file local, state and federal taxes and fees as the sales begin to happen and you begin to make money on eBay. Seek training, advice and support to help get you started.

To your eBay success!

To read my free e-report "Dropship Facts" check out http://www.onlineauctionsmadesimple.net Bob Hamilton is an entrepreneur, writer and consultant. Bob sold his brick and mortor store to sell on eBay and has been helping others to get started on eBay ever since. http://www.openingadollarstore.com Article Source: http://EzineArticles.com/?expert=Bob_Hamilton