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  1. #1
    Join Date
    Aug 2002
    Posts
    34

    Do you need to register your biz name if you are reselling web hosing?

    Hi,
    I am planning on reselling web hosting and I was wondering if I had to register my company name or anything. Also, would I need to get a business licence? Could anyone please enlighten me on this matter? Thanks in advance.
    Last edited by otso; 08-11-2002 at 09:51 AM.

  2. #2
    Join Date
    Feb 2001
    Location
    West Michigan, USA
    Posts
    9,675
    Its not a good idea to ask for tax or legal advice on a message board.

    Really.

    --Tina
    ||| 99.999% Uptime SLA!!!
    Plenty of space and bandwidth to fit your needs!
    www.AEIandYou.com - - (WP Friendly - Premium Reseller Hosting and Cheap Dedicated Servers)

  3. #3
    Join Date
    Jun 2002
    Location
    Toronto, Ontario
    Posts
    1,449
    Originally posted by AffordableHost
    Its not a good idea to ask for tax or legal advice on a message board.

    Really.

    --Tina
    Why?
    Kaumil P.

  4. #4
    Join Date
    Jul 2002
    Location
    Panama
    Posts
    199

    Wink

    Thereīs a threat around these forums that talks about it.

    If you donīt have enough money, begin with unregistered business. But, if you expand it, better do.

    In case you have a client from your country interested to do big business with you, he may ask you for your location and will contact you to speak personally. Then this client will pay you with a check with the name of your company, not your personal name. When you go to the bank to change the check, they will ask you for your business license and you must open a business account. After that will come the tax declaration and accounting. At the end you will finish registered.


  5. #5
    Join Date
    Nov 2001
    Location
    Ann Arbor, MI
    Posts
    2,978
    You'll want to ask your local government if you need a business license.

    Typically unless you are doing business under your legal name, you will probably need to register the name that you're doing business under. Again, ask your local gov.
    -Mark Adams
    www.bitserve.com - Secure Michigan web hosting for your business.
    Only host still offering a full money back uptime guarantee and prorated refunds.
    Offering advanced server management and security incident response!

  6. #6
    Join Date
    May 2002
    Location
    Georgia, USA
    Posts
    259
    Regardless of where you get money from it has to be claimed on your income taxes (unless it's under a certain amount)...

    In most places this also applies to business licenses. You'll need to contact your local city/county government to make sure though.

    You don't, however, need to incorporate or form an LLC. You could operate as a sole proprietership for as long as you like.

    I operated without an EIN for a while (employer identification number) but not without a business license. I just recently obtained an EIN (it's neccessary if you have any employees or for some banking purposes)...

    EIN's are free and act as a kind of "social security number" for your business... so you can keep the business seperate (somewhat) from your personal taxes (although they all end up together anyway )

    Hope I've made some sense. I would reccommend, though, that you should see an accountant or business attorney in your area. Or go to your local Chamber of Commerce or Small Business Administration. They often offer free advice to business owners.
    CDHost - Managed Business Hosting
    http://www.cdhost.com - [email protected]
    Proud Host of PhotoshopForums.com!

  7. #7
    Join Date
    Aug 2002
    Posts
    34

    anranr

    Thanks for your help guys

  8. #8
    Join Date
    Sep 2000
    Location
    New Jersey, U.S.A.
    Posts
    354
    If you are still in the planning stages of your business, take the time to visit a good C.P.A. and you'll be on the right path.
    Jim
    RotoHOST.com
    webhosting solutions for e-Business

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