Behold the timestamp menu in all of its glory: 0:00 How to start a shopify business legally 0:21 Misinformation on KZitem about Shopify 0:41 Misconception #1 - Do I need a business license to sell on Shopify 1:19 Shopify says I don't need a business license, but my city says I do 1:49 Misconception #2 - Can I collect Salex Tax without a permit just IN CASE 2:18 Exactly how to register a shopify business legally 2:35 Don't trust KZitemrs 2:50 Is my shopify store a business or a hobby? 3:06 Do I have to register my shopify store as a business? 3:15 Do I need an LLC? 3:25 What is a sole proprietor? 3:45 Do you need a DBA to sell on Shopify? 4:19 Do you need an EIN to sell on Shopify? 4:55 Do I need a seller's permit to sell on Shopify? 5:08 How do I know which states I need to collect sales tax? 5:20 Nexus on Shopify explained 6:31 I am confused with sales tax on shopify - HELP 8:04 Do I need a business license to sell on SHopify? 8:35 Do I need zoning clearance?
@roialnet
5 ай бұрын
I thought you can only use EIN for tax purposes if you have employees otherwise you have to use your SSN? Thats what I read on Reddit.
@ginnysilver
5 ай бұрын
@roialnet Reddit is not an accurate source of information. The IRS states on their EUN page you do not need employees to use an EIN for your business 🤣
@ginnysilver
5 ай бұрын
Reddit is not an accurate source for information. the IRS clearly states on their EUN website businesses do not need employees to use an EIN as their tax ID
@roialnet
5 ай бұрын
@@ginnysilver Thank you.
@ginnysilver
5 ай бұрын
Very welcome ❤️
@truemetaljesus
3 ай бұрын
THIS is the video I needed. Not only did you specify the needs for business licences but also nexus and HOW to keep track of it. ✅
@ginnysilver
2 ай бұрын
So glad it was helpful!
@fallouthunter2802
4 ай бұрын
Finally someone gave me the information I needed.
@ginnysilver
4 ай бұрын
So glad this was helpful!
@JousaCam
Ай бұрын
Thank you so much for this video, literally the only person who answered all my questions
@ginnysilver
Ай бұрын
So glad it was helpful!
@lhaude8680
Жыл бұрын
Thank you for your informative information I luv seeing you during pandemic I would listen to you everyday more video's
@ginnysilver
Жыл бұрын
Thanks so much ❤️
@brandon_AAinc
Жыл бұрын
Volume recording needs adjusting.. Thx 4 vid
@3identification3
29 күн бұрын
You did not mention: if you are a SOLE PROPRIETOR of your business, meaning only YOU run it, you are not required to get a tax ID, EIN, or business license, and can use your social security number for tax instead. And this is also from the IRS.
@ginnysilver
29 күн бұрын
Incorrect, if you are a sole proprietor your city/county restrictions for sole proprietors still apply. Most cities will require a business license, DBA if operating under a different name for your business, and home business permit/zoning clearance depending on the areas. I have full videos explaining all of these and show all documentation on screen.
@ginnysilver
29 күн бұрын
An EIN is optional for a sole proprietor, which is also covered in my ein and sole proprietor videos.
@3identification3
29 күн бұрын
@@ginnysilver That is just about a business license. The IRS says THEMSELVES that you are not required to have that or a sales tax ID if you are a sole proprietor.
@ginnysilver
29 күн бұрын
Again, yes no EIN (which is a tax ID) required of sole proprietors, but a business license in most cities will be required. The IRS has nothing to do with business licenses - business licenses are dealt with on the city level - not nationwide with the IRS.
@george-st-george
Жыл бұрын
cool information...untangling the mess of misinformation !!!!!! Thanks !!!!
@kaffiliatehub1279
7 ай бұрын
Thank you so much please make one about home base business like registration in state and the home base in other state 😊
@ginnysilver
7 ай бұрын
Many available on my channel! ❤️
@simonsuh227
6 ай бұрын
Thank you for all the valuable info. If you're running a shopify online store, where you reside would be your physical nexus I presume?
@ginnysilver
6 ай бұрын
That depends on where you registered your business. What address does your business license use? And where are your products stored?
@cutensexybbw72
7 ай бұрын
Hello. I’m Jennifer.I have a slight learning disability. I was diagnosed with being slow learner, I get easily frustrated and confused. I made earrings and I want to sell in the future. Have you helped people with intellectual disabilities before? I need to know what I should do first before I decide to sell my earrings. I need step by step help. Sorry for the rant.🥰
@ginnysilver
4 ай бұрын
Hi! You will need to consider your tax and legal obligations first. Selling a product means you will be required to register for a sellers permit, file and pay sales tax returns, obtain a business license, and register a business name known as a DBA. You will be obligated to claim your income in your end of year tax return, and pay income tax on that income. Plan to set aside about 30% of your income for taxes, in addition to sales tax which differs in each city.
@Sookie-b7j
Ай бұрын
Im wondering about sellers permit for tax purposes, do i have to apply for this in every state i reach Nexus or is this just a single permit?
@ginnysilver
Ай бұрын
Every state you reach nexus
@esenciadelcaribe
3 ай бұрын
Just started a clothing brand at the comfort of my own barracks room in Italy. My question is even tho I’m a U.S citizen, do I have to get a business registration and a seller permit in Vicenza? I’ll be here for the next 3 years, then going back to the states.
@ginnysilver
3 ай бұрын
You need to research your local laws - I do not have information on Italy's business laws. You can register your business to a US address and obtain the US required permits and operate it remotely, but Italyay likely have its own requirements of you to sell to customers there and hold inventory.
@esenciadelcaribe
2 ай бұрын
I did my research. I got everything I need from the U.S. Seller’s permit and EIN. Thanks a lot
@trollhunterlover2630
5 ай бұрын
What if you’re just now starting? I was told there’s no need to file for a tax form and all the other paper work if your not even sure if it will take off
@ginnysilver
5 ай бұрын
That information is incredibly incorrect.
@trollhunterlover2630
5 ай бұрын
@@ginnysilver Alright. I thought that sounded wrong!😂 Thank you
@JMICTHEBRAND.
8 ай бұрын
New Sub! Ok i am SUPPER confused. I am trying to set up my shopify as we speak, BUT it is very confusing because i did register my business with a fictitious business name and even got my EIN registered with the IRS. So now the only option that shopify gives under business category is Sole proprietor and LLC, Corp ect.. So when i put in sole proprietor it defaults to only being able to put in my SSN and i do not want to mix my personal with business, that is the whole point on why i got my EIN, to open a business bank account and also have an EIN to separate from my personal taxes. So what should i do? Shopify will not accept my EIN unless i have an LLC.
@ginnysilver
8 ай бұрын
That's unfortunate, and is a flaw and limitation on Shopify's part. Perhaps consider another e-commerce platform in that case - there's no way to change how Shopify operates
@JMICTHEBRAND.
8 ай бұрын
It looks like i may have to get an LLC. I mean i am going down that road eventually anyway. Another qt i have is, if i already registered my Fictitious business name and EIN do i have to contact anyone if i'll be getting an LLC? Do i just let my Fictitious business expire? i feel now like i got it for nothing, the only reason i got it was so that i can show that to my bank with an EIN and get a business bank account opened. @@ginnysilver
@JMICTHEBRAND.
8 ай бұрын
It's ok! I actually just had to summit my EIN letter to shopify and request that they use my EIN as an individual instead of my SSN for tax purposes. And it worked! @@ginnysilver
@MrVisionDPB
Жыл бұрын
What type of Business License is required to sell Heave Commercial Machinery online?
@roialnet
5 ай бұрын
Check google i think it is similar to selling cars..If you know someone from car dealership they can tell you, but of course you will surely need a sellers permit.
@mgreco32
5 ай бұрын
Do you need sellers permits for each state you make a sale in to be able to collect sales tax at that state's rate?
@ginnysilver
5 ай бұрын
To collect sales tax , YES. Do you need to collect sales tax and have a sellers permit on each state, NO - each state has very different laws and you will need to hold one for some but not others. The best way to monitor this is by using a software such as tax jar
@mgreco32
5 ай бұрын
@@ginnysilver Thanks. So it sounds like if I anticipate reaching a level of sales based on economic nexus for a given state and they require it I'll need to get a sellers permit in that state first, or can I wait until I do reach that economic nexus level in that state and then get the sellers permit afterwards? That part gets a bit confusing.
@ginnysilver
5 ай бұрын
@mgreco32 if you reach Nexus you would be obligated to pay sales tax for purchases made that quarter
@ginnysilver
5 ай бұрын
@mgreco32 yes it's super confusing ❤️
@Burd805
6 ай бұрын
The nexus thing is confusing as all hell
@ginnysilver
6 ай бұрын
It is! I have a full video which explains it better though it is still confusing
@scottiecrook7898
Жыл бұрын
Hi Ginny 👋
@joebersik9846
Жыл бұрын
🏅
@joebersik9846
Жыл бұрын
😌
@joebersik9846
Жыл бұрын
😍
@scottiecrook7898
Жыл бұрын
😕
@scottiecrook7898
Жыл бұрын
😯
@joebersik9846
Жыл бұрын
🙂
@ginnysilver
Жыл бұрын
❤️❤️❤️
@scottiecrook7898
Жыл бұрын
🤓
@paulmeranian221
Жыл бұрын
thk u Ginny!
@ginnysilver
Жыл бұрын
❤️❤️❤️
@scottiecrook7898
Жыл бұрын
😳
@joebersik9846
Жыл бұрын
😃
@Britneyy-d3v
3 ай бұрын
STOP USING THE WORD OBLIGATED
@ginnysilver
3 ай бұрын
OBLIGATED
@Britneyy-d3v
3 ай бұрын
@@ginnysilver you’re toxic, I’m never watching your videos
@Britneyy-d3v
3 ай бұрын
@@ginnysilver stop being ingrained to think you know a random person when you don’t.
@Britneyy-d3v
3 ай бұрын
@@ginnysilver thinking you know a random person that’s not in life proves you are stu*pid
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