Do I have to pay taxes in starting an online business?

Question

I'm 16, and I want to start my online business, but I want to get all the legal stuff out of the way. Whats the deal with taxes and do I need a business license of some sort?

Answer 1

Yes u do need to pay taxes on your income from your oline business. Most companies require u fill out a W9 form before they start paying you.

You don't need a business license

Jan Roos

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