what kind of business is shopify

do you need a business license and a tax,id number to sell on shopify,that's coming up,what's up guys welcome back we're back,with another great video today and if,you're new here i want to welcome you,to our channel my name is carrie i'm an,online entrepreneur online business,owner,and this channel is here to bring you,the best strategy secrets and hacks,to grow your online business and in,today's video we're diving into,something that is,talked about a lot in our community and,i get asked this question a lot,and it's do you need a tax id an llc a,business license,when you're starting out on shopify and,do you need to charge,taxes on shopify when you're just,starting out,so let's dive in the first thing i want,to address today is the misconception,that,it's really really hard to become legal,and actually,you know get the necessary things for,your business in my experience,it's actually a lot easier than expected,to get that tax id number to get your,business you know official,and to be able to to accept sales tax,and all that kind of stuff,on your shopify store in my state of,oklahoma you can get your tax id number,back,just like a day or two and so it's just,really really easy to,get started it doesn't cost a lot it's,usually 60 80 bucks,you definitely want to check with your,state and what is required in your state,but i know here in oklahoma i was,surprised at how easy and quick,the process was that being said the next,question we need to address,is do you need to do this before you,start selling on shopify,now i want to give this disclaimer that,i'm not giving you any official legal,advice i'm just speaking from my own,experience,and starting multiple shopify stores and,going to that process,and being able to observe the process,with my students,and that is my my recommendation is that,you don't,need to get all of your business license,and all tax id and all kind of stuff,when you're just starting out and i'm,going to tell you exactly why,the reason why is because you don't want,to go through the trouble of,making your business legal and jumping,through all the hoops that your state,requires,before you know if you're really going,to follow through,with selling on shopify doing pronoun,demand or e-commerce,whatever you're doing a lot of people,you know there's a statistic that you,know 80 or 85 percent of new businesses,fail in the first 120 days,it's so easy to start a shopify store,that unfortunately a lot of people just,don't continue,and they don't follow through they kind,of do it as just a hobby and they end up,letting it go,if it doesn't work out quickly or they,just get bored with it or whatever the,reason may be,so i don't recommend that you go through,pay the money do the work do all the,filing to make your,business legal before you know if you,really have a product that you can sell,or if you're going to be,invested in it you know come 30 60 90,days or,longer so with that being said next i,want to talk about what will happen if,you don't,incorporate your business and you start,selling on shopify,here's what what kind of happens is when,you start selling on shopify and if,you're just making a few sales here and,there,you're going to be fine and you can,actually just claim that on your,personal tax return,in my experience you can claim that,under your social security number,and i would recommend that you don't,collect sales tax if you don't have your,business incorporated,and what will actually happen is once,you hit a certain,number of sales or you've had your,business long enough,shopify will reach out to you and let,you know,that you need to go ahead and,incorporate your business and make it,official,and they will give you a time frame to,do that before they will shut down your,shopify store,so my recommendation is that you get out,there you,start selling without going through all,the legal process start to see if this,is something you're really going to,follow through with,and then once you get that notice from,shopify or you see that you're you are,consistent,you are going to keep selling on shopify,then go ahead and make your business,legal,i want to make sure you understand i'm,not a legal professional and i'm not,saying that you shouldn't,make your business legal you shouldn't,incorporate your business,i'm simply telling you that in my,experience and dealing with,my own stores multiple stores and,hundreds of students,that when you're just starting out i,don't think it's worth your time,or effort to do that before you find out,if you're going to follow through if,it's going to be a successful idea if,you're going to have the products,all that kind of stuff if you're going,to have the sales so that's my best,recommendation for you if you're,enjoying this video today you're,learning something,hit that like button it really helps us,with the youtube algorithm we can reach,more people we can help more people,if you just press the like button also,make sure you subscribe to the channel,we put out new videos every single,tuesday and every friday,tons of content so make sure you,subscribe so you don't miss a thing,the last thing i want to talk to you,about is collecting sales tax on,shopify now i want to walk you through,just the easiest way that i've found to,do this,now first of all inside your shopify,store when you go into the settings,you can simply turn on sales tax,collection,and shopify will automatically calculate,the sales tax,for no matter what state you're you're,doing business in or what state you're,selling,in shopify will automatically calculate,that for you and collect that,upon selling an item now once you sell,an item that sales tax just becomes part,of the sale,and it goes into your bank account so i,highly recommend that you have that you,put that sales tax aside,because that is not part of your revenue,it's not part of your profit,you actually need to put that sale you,need actually to pay that sales tax,to the state and you want to make sure,that you're doing that the easiest way,that i have found to do that,is an app called tax jar t-a-x-j-a-r,i'm not an affiliate for tax jar but,i've been using them for a number of,years,and tax jar will automatically calculate,your sales tax it will integrate with,your shopify store,and in most states it will auto file,your sales tax,monthly for you so if you are at the,stage of your business where you,you are official you go you have your,your tax,id you have your sales tax permit and,you're collecting sales tax inside,shopify you need to make sure that,you're remitting that to the state,monthly,and and this i'm speaking in my,experience from oklahoma i don't know,all of the the rules and regulations,state by state,but you need to remit that sales tax,monthly and the easiest way to do that,is by autofiling with a app like tax jar,that's the one that i've used and i'm,familiar with,and it's worked like a charm and made,the process really really simple,so to wrap this whole thing up if you,are just starting out with shopify i,recommend that you don't go through the,legal process,go ahead and start selling see if it's,something you're going to be consistent,in,once you get notified from shopify that,you need to go ahead and,provide your tax id number that's when i,would recommend going to your state,going through the process to make your,business legal so that you can continue,selling at that point you need to start,collecting sales tax,on each transaction and remitting that,sales tax,back to the state and i recommend an app,called tax jar,to do that automatically for you so,hopefully that was helpful today and you,learned something,so if you're ready to get selling on,shopify if you're ready to set up your,store,start selling today i want to invite you,to go to shirtschool.com,shopify and get a 14 day free trial of,the shopify platform,in my opinion shopify is the absolute,best ecommerce platform,and it really covers everything that you,can need for your ecommerce business via,the shopify app store,there are some incredible apps in there,and so much you can do with the shopify,platform,so if you're ready to get started head,over there shirtschool.com shopify,grab that 14 day free trial we'll see,you on friday,you

Congratulation! You bave finally finished reading what kind of business is shopify and believe you bave enougb understending what kind of business is shopify

Come on and read the rest of the article!