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Aug 19, 2019
Apr 22, 2020

IMAGE GALLERY (1)

Paypal

Customers donot pay any extra fee. Sellers are charged some fee to recieve a payment.

your PayPal business account is always free. Fees only accrue when you receive a payment.

How to Add a PayPal Payment Button to Your Website?

  • BUsiness Account (approval, needs business name)
  • Tools > All Tools > Paypal Buttons

PayPal PLUS

More payment methods, needs approval

paypal-plus.png

FAQ

Do I need to register a LLC even if I am the only one working online?1

Generally speaking YES in your state, to get that Liability protection. If your are doing business in multiple countries, you might want to register a FOREIGN LLC as well.

Steps to open a Business

  • Federal employer Identification Number is FREE
  • Getting state TAX ID is FREE
  • Paying state to register your business
    • Domestic LLC $115
    • Articles of Organization
  • You just need to fill the paperwork
  • Get a business bank account

Estonian E-Residency Program

  • ID cards in smart card readers and enter e-business registry
  • Company Registration Portal
  • Open Business bank account in Tallinn
  • Establish company online, ebanking, sign documnets
  • Monthly accounting fee is 90 euros + 2 euros for business debit card
  • Liability is limited to Share capital minimum is 2500 euros
  • NO Income Tax on profits, only distributed profits are taxed
    • Global average of Corporate Income tax is 24%
  • 100% on all foregin earned income
  • Accounting
    • Yourself
    • Hire someone to do it for you
    • leapin
  • Costs 315 euros
    • e-residency 100 euros
    • state fee company registration 190 euros
    • Online regisration 25 euros

You should know

  1. how to start from scratch
  2. Scale
  3. Automate

Footnotes

[3]: Top 10 Best Countries to Start a Business in 2019

  1. yt, 10 steps to start a business [return]