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Can I start a business where I am the only customer? ?
A new postal ban will prevent the shipping, and by extension purchase, of vape products online. This excludes businesses. Can I make my own business so I can order vape juice?
4 Answers
- ?Lv 51 month agoFavourite answer
SURE!!!
But you will have to pay all of the business set up fees..(close to $1,000 in some places) and you will have to file monthly tax forms even if you do not sell anything...and if you sell to yourself, you have to tax yourself ...soooo that is a bit of useless effort there...and You have to file quarterly tax forms to...with your state and Federal governments. And there is the annual tax filing requirement..You can do it but you will spend all of your savings paying business taxes and paying an accountant to do your taxes.
- 1 month ago
You would need to go through the expense of opening a business and filing all the paperwork.
You will need to file all the regular paperwork for sales, taxes, etc.
You will need to hire an accountant to keep everything in order.
Because vape products have controls on them, you will need to have regular audits from the FDA or your local authority.
Finally, when the tax people see that you are not buying/selling commercial quantities, you will have a lot of legal issues
- ?Lv 71 month ago
Sure, then you can file for bankruptcy when you can't support the business being the only customer and not have to pay federal income tax like Donald Trump.
