Solo startup need advice

Akinon93Akinon93 Posts: 1subscriber
edited January 2016 in Thought Leadership
Edit: I found a local SBDC I believe can help me more accurately, thanks to anyone who took the time to read this though.

Hello everyone, so I found this website in pursuit of getting some advice. I'm looking towards starting a business, kinda, by myself. Essentially, I'm looking to start an online store, maybe start with ebay but eventually get my own website (I'm a self-taught web developer, so making a website is simply a matter of time not money/skill). I have a professional email through my own domain, so I'm good there.

What I'm wondering is, what kind of licenses do I need? I'm doing this solo, so no employees or anything like that, I have researched and found some avenues for product and have a bit of money saved up I should be able to at least get a jump start. However, I'm unsure of what all licenses I need to get, if I need to register as a business or as something else? I've been trying to research this information, looking on my state's official website for applying for business licenses and such, but I've had little luck. I'm looking to buy bulk goods/broken goods (then repair) in the tech and video game fields, and resell online.

I live in Ohio, btw. I apologize if I've not been too clear, and I appreciate any help anyone can give me.

Comments

  • rmmfreermmfree Posts: 2subscriber
    You can see official information from: http://business.ohio.gov/starting/
    https://wothy.com - Job Search Made Simple
  • Urvi KashyapUrvi Kashyap Posts: 18subscriber Member
    Hey

    I think your thought of starting up alone is quite a standout point. What I would suggest is to dwell deep and think about it.
    you dont need to get a cofounder but I would suggest you to get a small team because often we end up making wrong decisions when we do it on our own.

    All the best
  • FrankLeeFrankLee Posts: 13subscriber Member
    It`s risky and difficult without any cofounders. Just think it over
  • Daniel MoayandaDaniel Moayanda Lagos, NigeriaPosts: 17subscriber Bronze Level Member
    Yes. The financial planning, field management and lots. It can sometimes be tiring. Meanwhile, starting up with the wrong partner is the quickest way to doom. So, think over it very well and be sure not to make the wrong decision. 

    Warmest.
  • Daniel MoayandaDaniel Moayanda Lagos, NigeriaPosts: 17subscriber Bronze Level Member
    Yes. The financial planning, field management and lots. It can sometimes be tiring. Meanwhile, starting up with the wrong partner is the quickest way to doom. So, think over it very well and be sure not to make the wrong decision. 

    Warmest.

  • ChiedoChiedo Harrisonburg, VAPosts: 13subscriber Bronze Level Member
    If you're starting an online store, here's what you should do:
    • Talk to your local government in your city and see if you need a business license
    • Register an LLC with the state
    • Set up an EIN with the federal goverment
    • Spend $500 and get an attorney to give you his/her blessing and make sure you have the necessary terms of service documents and any contracts you'll need.
    But practically:

    Make your first $500, and prove your ideas worth it, and then do all that stuff and pay any fines and/or taxes you need to pay to make it right.

    If your business doesn't go as planned, you saved time and money. 
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