I know you all have probably heard a hundred questions like this, but I haven't exactly found a thread that answers my questions. Thanks ahead of time for your patience and time. Well, I'm a newb in about every sense of the word. A friend and I are about to start a shirt business online and I would appreciate any advice. I've heard sides from a few different people, but I'm about ready to just drop the coin for some legal advice. We want to be as legal/moral as possible. From some, I've heard you really don't need much of anything to sell stuff online. I've heard comments stating that you don't need to report a profit for 3 years, then I've heard you don't need a bus. license, you just report it as income on your taxes. On top of that, I've heard you don't really need anything since you probably aren't going to be making thousands of dollars. I figured maybe someone here has already traveled down this road and could help me. Since we're just getting started, we planned on turning all the profit back into making more designs and just getting shirts out into the market. Since we've not really sold anything yet, I don't have any idea about the profits. All the money has been spent out of pocket and we have an inventory of about 70-80 shirts ready to go. Any help/advice would be great. I just thought I'd start here before I spent money on legal advice or where ever else. Thanks.
-ben
-ben