Choosing the organizational form of an online store

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Accounting for an online store is not much different from a similar process for an offline point, but it has its own characteristics that must be taken into account when developing this business. It is important not only to organize accounting directly, but also to correctly choose both the organizational form for conducting trading activities and to decide on the taxation system.

In addition to the above, there are nuances in what is considered income and expenses of an online store. In our article, we will tell you how to organize accounting for such a business, what are the specifics of the process, and whether it is worth giving it to specialists or whether it is possible to handle it yourself.

It is not possible to open a trading cambodia business email list platform on the Internet while remaining a simple private individual: banks do not enter into agreements with individuals for acquiring, which means that buyers will not be able to pay for goods with a plastic card.

If the monthly turnover exceeds 100 thousand rubles, official registration will be required: either opening a limited liability company (LLC) or obtaining the status of an individual entrepreneur (IE).

Answers to the following five questions will help you determine which form is best suited in each specific case.

What products will you offer to customers?

Simple – everyday items, dishes, clothes and shoes, souvenirs, small household appliances, accessories for gadgets, etc.

Complex in terms of the high probability of claims. This includes expensive electronics, perishable food products and goods for which a warranty period is established.

For a seller registered as an individual entrepreneur and an entrepreneur who has established an LLC, the liability for negative consequences after purchasing a low-quality product will be different. If buyers file claims and the case goes to court, the LLC is liable to the extent of its assets - money and goods. An individual entrepreneur may be left with his only home and the necessary minimum of things, and the rest of the property will go to satisfy the material claims of the affected buyers.

Choosing the organizational form of an online store

What is the expected annual turnover?

The simplified taxation system used by individual entrepreneurs is available only if the income limit is met. In 2021, it is 200 million rubles. If the seller earns more, it is necessary to open an LLC.

Will the store have one owner or several?

If you decide to trade online with a friend, you draw up documents for an LLC; if you do business alone, an individual entrepreneur is enough.

Do you plan to run the online store yourself or do you not rule out the possibility of selling it after launch?