I'm planning to start reselling some items on ebay and I don't know if I have to register that as a business or not. It would be all nice and quality items but I'm wondering if it's worth doing if I have to pay tax on it. I just don't know if I can just sell items, transfer money back, buy stock, sell them and keep going like that without there being some problem with tax evasion or some other crap government is trying to pull to get as much money from everybody to have a big mansion by the lake. I expect my profits to not be that high after all, i don't think many will buy from a guy with 0 reputation on ebay at first...
Ebay is tied with paypal because otherwise I don't think you can accept payments and every single person so far paid me with paypal on ebay while I was selling just my old junk. And paypal will be tied with my bank account because I will need to recycle the money when I buy new stocks so it's definitely tied to my name unless I go some shady and risky way about it, and I want to keep my things as risk-free as possible - I'm not a risk-taker.
I really don't know if my items will even sell, maybe they won't at all, so I don't know what the profits are tha I'm looking at. I think I would sell mainly on the UK version because US would mean high shipping costs adn import duties for customers since I ship from europe.
Ebay is tied with paypal because otherwise I don't think you can accept payments and every single person so far paid me with paypal on ebay while I was selling just my old junk. And paypal will be tied with my bank account because I will need to recycle the money when I buy new stocks so it's definitely tied to my name unless I go some shady and risky way about it, and I want to keep my things as risk-free as possible - I'm not a risk-taker.
I really don't know if my items will even sell, maybe they won't at all, so I don't know what the profits are tha I'm looking at. I think I would sell mainly on the UK version because US would mean high shipping costs adn import duties for customers since I ship from europe.
