As you begin to make the leap from part-time piddler to full-time seller, be sure to follow these steps to create a legal business that can sustain growth.  As we speak to smaller sellers who are beginning to grow, we often find they are doing things backwards and hindering their growth.  There is nothing scarier than opening your door to the state tax man who is asking for his money.  No joke, this actually happened to a powerseller friend of ours. 

1- incorporate your business- you can probably do this easily and affordably on your own, most state departments of commerce have a user-friendly site for this and there are many sites dedicated to small business incubation

2- sign up for your FEIN- you will need this for taxes

3-get your local business licenses

4- be sure you are abiding by state sales tax laws and rules

5- make your life easier- download accounting assistant, spring for the accompanying accounting software, be sure you're using turbolister and selling manager pro

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