If I start my own website for a business do I need to do anything business wise?

You don't have to file for a business name when you first get started creating a website business. When you start making a lot of money per year (15K or more) then you will want to file for a business name. Best thing to do is go and find a webhost and create your business name.

You can still claim your business taxes under your social security number and you won't need a Tax Identification number.

Research and decide upon good potential domain names. Buy one or more of them via a Registrar.

Business-wise your domain is a business decision.

Outside of copyrighting your business name and domain there isn't much that you should need to do.

If you want to be taken seriously by the world, you need to act like a business, in which case you need a tax ID. You can run a sole-proprietorship on your SSN. There are advantages to keeping your business separate from your personal finances.

You would do well to get to the library and pick up some current books on business startups in the field you are choosing. I decided to set up an LLC. It gives me access to a business banking account, business write-offs of expenses, property owned separate from my own in case of lawsuits, etc.It does double my tax work though.

Personal and business, but this is the #1 path people go these days once there is money incoming.

The first step is to find an available domain name, and preferably around a keyword for your online business (for example, parakeetsupplies.com if you want to sell parakeet supplies online).

Then you'll have to buy the domain name, and using your personal name is just fine for now. It might only become a problem down the road when you start making money, but who knows if you idea will make money yet?

Then you'll need to set up your own blog or website. Again, if you use personal assets that's ok, but could cause problems down the road in case you run into financial trouble.

You could always file a dba with your town or state, and if you sell online you might need a sales tax id (depending on the laws of your state). My advice would be to call a cpa and ask for a free consultation to see what he or she thinks about your next moves, since you'll want to protect your personal assets.

Explore your competition. You may or may not need to file. Ask your accountant or someone in the profession.

I feel the biggest advantage to creating a name for your business will be the tax write off's. Even if you're not making a profit, the more legit you look to the IRS the easier it is to get those breaks. I guess it could depend on how much you plan to spend to start your business.

In any case, I would go for it and take care of the details along the way.

If you want to be taken seriously by the world, you need to act like a business, in which case you need a tax ID. You can run a sole-proprietorship on your SSN. There are advantages to keeping your business separate from your personal finances.

You would do well to get to the library and pick up some current books on business startups in the field you are choosing. I decided to set up an LLC. It gives me access to a business banking account, business write-offs of expenses, property owned separate from my own in case of lawsuits, etc. It does double my tax work though.

Personal and business, but this is the #1 path people go these days once there is money incoming.

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