Business Insurance (preferably one that covers civil legal costs).If you’re going into the business, then get the proper insurance. What type of insurance do I need to start an FBA business, if any? Catch up with a private label lawyer who can sort out what you’d need to do to register trade name. If you already have a company, but want to use another name for your FBA business, you can register a trade name or “dba ( doing business as)” – a business alias you can tailor for branding purposes. It’s best to speak to a private label lawyer that has fulfillment by amazon experience. There are several different types of corporations – all with their own sets of benefits and potential pitfalls. The Drawbacks: You’re taxed as a flow-through corporation, which can sometimes be at a higher rate. Also, an LLC may provide some anonymity, depending on the state. The Benefits: LLC Members are protected from various civil liabilities. Plus, if your product is deemed defective and results in a personal injury claim, everything you own can be yanked away with the stroke of a gavel. The Drawbacks: You open yourself to a host of civil torts including breach of contract. So, if you want to protect yourself and your assets to the fullest extent, it may be wise to establish a corporate entity for your Fulfillment by Amazon business. Sure, Amazon makes it easy to set-up shop, but that doesn’t mean your operation isn’t subject to formal laws and regulations. When starting out, many people defer registering a formal business - and sometimes that can be a mistake. To register or not to register, that is the FBA question. Should I register a formal business to participate in private label selling on Amazon? (What’s a “buy box”? Don’t worry, we’ll get to it below.) Benefits of a Professional Amazon Seller Account You can choose to be an “individual seller” or a “professional seller.” “Individual” accounts are free (sort of, but we’ll get to that in a minute) and “professional” accounts cost money (at the time of this writing, US$40). Once you’ve gathered the above information, head to Click on “Not already selling on Amazon” and follow the directions. Social Security Number or Tax Identification Number (EIN).You’ve made the decision! It’s time to jump into the Fulfillment by Amazon (FBA) game. What do I need to start a Fulfillment by Amazon business?
0 kommentar(er)
