Business UK! Selling products online...? -

I want to start up a business that imports products from china and sells them online. I have already found a supplier and I am going to sell around 6 items on the site (max of 10). Instead of having a lot of products im decided to stick to a small amount of affordable everyday items to be sold to a mass market. I will have an online shop and open an ebay shop too.Could I do this business as a sole trader?What laws effect this business?Are there any laws or anything i should know about from importing goods from china to sell?

Hello CliffYou can run your business as a sole trader, which makes you personally liable for everything that happens in your company. It may be worth thinking about setting up a limited company. It doesn t cost a lot - under ��100 - and gives you more protection.As Grandad Jim says, you need to notify HMRC within 3 months of setting up.Think carefully about the terms and conditions of your supplier in China. What s the minimum quantity they supply - usually it s a container load? How and when do you have to pay them - this affects your cashflow? What happens if there s any faulty merchandise? What s the order lead time? If you re running low on stocks, how quickly can you restock?Business Link is definitely worth talking to. They have a lot of free information on imports and exports and usually have an advisor who specialises in it. The UK Trade and Investment people are helpful, too.Good luck!Rosemary

well, if your laws are similar to the U.S., you ll need to:Register your business locally, so that the government knows who you are and where you are, even if you are working from home.Register your business with all levels of government for tax purposes.Prepare yourself for any possible zoning rules. If you are receiving shipments from a big truck every other day, your neighbors WILL eventually complain.You will have to pay duties and various other import taxes on the goods , for every shipment. In the U.S., this tarriff is quite low from china. Not sure why though. Everyone kisses china s a.s.s.Finally, you ll have to keep quite detailed records of inventory, sales, purchases, expenses,... the usual accounting stuff, and your taxes will be due every 90 days, not just yearly as it is with income taxes with a wage.Again, this is how it is in U.S., but i m sure it s similar there.

I import goods from Ireland. Firstly you have to register with Inland Revenue for tax and NI purposes. Where will you be storing your goods? You do need to think about that, I had a lockup backing on to rail lines and I lost some stock to rats. If you are using your home to run your business from, you may have to talk to the planning dep t.at your local council.You can get help from Business Link (www.businesslink.gov.uk) I have found them very helpfulHope this helps - good luck.

Net trade is legal , you wholesale products from China website in very low prices ,and resale to others peoples.many people do this business.

I want home a business even if it pays less but less registration fee any body out who can help? -

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What do you consider as less registration fee ? I work from home with a 24 year old debt free wellness company and it only costs $29 to get started. It doesn t involve selling products, purchasing inventory or going door to door. When you get started you get a free website, free training, and ongoing support! It also offers a great way to make residual income and save time, money, and improve your health! When you re ready for the details, jot a quick email and I ll get back to you! Thanks!

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Is it possible to manage a franchise hands-off? -

I d like to buy and open a franchise like a McDonalds but don t want to spend any time there. How do I do this without having to be involved with day to day things like hiring, firing, etc? I just want to sit back and collect the checks. Please advise!

Sit back and collect the checks? I m sure you re not serious. McDonalds requires their franchisees to be hands-on owners who agree to be involved in the day-to-day operations. That doesn t necessarily mean that you ll be flipping burgers, but it does mean that you ll agree to be involved in employee hiring and development, payroll, inventory, scheduling, and so forth.On the other hand, there are plenty of other great franchising options that allow for absentee or passive ownership.