E-commerce Weekly Update
This week I learned about the legal areas of running an online business. In my research I looked mostly at taxes and what I would owe based on my business. Since my business model is affiliate, I found that I don’t really have to do very much. The main thing I need to worry about is setting aside the 15% taxes I’ll owe from my earnings. If I don’t set it aside along the way, I’ll have a lump sum that I’ll need to pay next time I file my taxes and I might not have the money to pay for it. So I’ll be doing business as a sole proprietor, and at some point in the future I might consider getting an LLC. I also got my website all built this week, and I’m just figuring out how to get my affiliate links from Amazon to appear on my posts. That’s the next step! Then I just need to start creating content.