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sassypup · 08-30-2007, 10:06 AM

do a search on the web for tax information as all states vary.

We decided to do an LLC and taxes are quite heavy and you have to pay to license your company. There are companies out there that will handle all the paperwork and it runs about $600 for all this.

For envelopes, buy in bulk, they will save you a lot of $ but you have to put in a lot of upfront fees. Be prepared for huge fees for using credit card companies to accept credit card companies. We used paypal initially but their fees are like 3.5% or something like that. Which totally ads up.

Whatever you do, SAVE all your receipts. It becomes an accounting nightmare if you have to go back in your records, especially if you're dipping into your personal funds to finance the items/materials.

Another thing, it's so worthwhile to pay for the shipping confirmation to track packages, you WILL get inquiries about 'where's my package' and you want to prove it was delivered. Most people on YT never do this, it's other people. We too mostly use USPS....you probably won't run into this problem but shipping is really expensive if a box is larger than 12x12x12. Eg. we ship beds and it runs us at least $30 to ship these things, due to size even though it's lightweight.

08-30-2007, 10:06 AM	#5
sassypup Donating YT 500 Club Member Join Date: Sep 2006 Location: S. Ca Posts: 1,905	do a search on the web for tax information as all states vary. We decided to do an LLC and taxes are quite heavy and you have to pay to license your company. There are companies out there that will handle all the paperwork and it runs about $600 for all this. For envelopes, buy in bulk, they will save you a lot of $ but you have to put in a lot of upfront fees. Be prepared for huge fees for using credit card companies to accept credit card companies. We used paypal initially but their fees are like 3.5% or something like that. Which totally ads up. Whatever you do, SAVE all your receipts. It becomes an accounting nightmare if you have to go back in your records, especially if you're dipping into your personal funds to finance the items/materials. Another thing, it's so worthwhile to pay for the shipping confirmation to track packages, you WILL get inquiries about 'where's my package' and you want to prove it was delivered. Most people on YT never do this, it's other people. We too mostly use USPS....you probably won't run into this problem but shipping is really expensive if a box is larger than 12x12x12. Eg. we ship beds and it runs us at least $30 to ship these things, due to size even though it's lightweight. Last edited by sassypup; 08-30-2007 at 10:08 AM.