You must have an LLC, Business bank account, Local address, Local contact number, Registered Agent, EIN. And that’s it!

As an LLC owner, you can enjoy all the profits without paying taxes on them once, as the law allows you to deduct any expense from your taxable income. In short, you can enjoy unlimited earnings without paying taxes on them as the owner of an LLC
Pass-through taxation: When you file your taxes with an LLC after a stipulated year, all the profit is passed through the business, and instead of being taxed as individual property, it is taxed at the business level itself. Thus, you don’t need to pay taxes twice for your income because taxation is done once, along with LLC filing.
Corporate tax advantages: If you own an LLC, it has the same legal status as any other corporation. The main benefits include limited liability, double taxation (which means only one type of taxation), and asset protection. Thus, the corporate tax advantages allow you to save a lot of money on taxation and offer asset protection against liability.

You need this document if you want to start selling tangible goods online.
If your business sells products at retail or wholesale prices, then you will have to pay taxes on these sales. You can get yourself into trouble with the tax authorities if you don’t collect the right amount of sales tax from your customers.

You need LLC, EIN, and phone number, to be precise.

Consultisor advises you not to open your account till mid of January, but prepare all the necessary documents updated and upfront beforehand to avoid any hitches, snags, or delays.

LLC is a business structure that protects your personal assets from business liabilities. LLC stands for Limited Liability Company. It is also known as the flexible company structure, enabling you to include more than 50 people as members and offers huge investment opportunities for any startup business venture.