Running an online business?

Question

What are the requirements for running an online business? Do I need a business licenses, do I need a EIN if I am the only Full ownership? Or do I still need to file for an EIN? Also what if I have people working for me, but not a joint partner for ownership?

Answer 1

You can run an online business as a sole proprietor.  You may want to consult an accountant for the financial filing requirements but that's about it.  You can also file an LLC or Corporation, but a sole proprietor is easiest.