Bringing your products and services online is a wise and convenient way of marketing. You only need a handful of know-how in handling an online store and a good internet connection. By having these, you can now start selling in the comfort of your home.
Just like any commerce, an online business also has legalities you need to know. These include the documents and other requirements you need to file before you can start operating. If you’re eyeing to start an LLC in New York, you will also need to register it, and if you are wondering how much does LLC cost in NY, its fee is $200.
After you have successfully filed an LLC, there are also laws you need to remember when creating your online business. Haven’t heard of it yet? Keep reading to know what these fundamental laws are.
In starting an online business, tax is essential. To have the right tax, you need to know your target market or country. This is because tax differs from one state to another. Likewise, customers definitely want to know the value-added tax on their purchases, so it is essential to display the tax on their end before checking out. Tax is one of your responsibilities in the government that you should comply with when operating a business, even an online store.
In an online business, establishing your own brand is essential and crucial. You need to make sure that your brand is unique; otherwise, you will face serious legal problems if someone claimed it to be theirs. You will end up infringing other’s brands if you don’t know copyright, trademark, and patent laws.
- Age restriction.
Bringing your business online requires you to have a website, and you want to be reminded that there are children who will browse your store. In this case, you need to know the Children’s Online Privacy Protection Act or COPPA. This act highlights that you should not collect personal information on children under 13. However, if you want to sell products meant for children, then you can follow COPPA’s regulations.
- Permits and licenses.
Even though you are running your store online, a permit and license are important. You might want to contact your country’s local licensing department to schedule an appointment. This is to see if the products you are selling are acceptable based on your state’s guidelines and policies. Licenses and permits for online businesses are just the same as those storefront businesses.
- PCI compliance.
You might want to get your online business protected by PCI compliance. Since you are prone to data theft, it is essential to be aware of PCI compliance.
When you comply with PCI, you should not store any information such as bank details or any personal information that might risk the safety of the user. If the customer gave his or her details via phone, you should not store them in any paper or online documents.
All of these are essential laws you need to take note of when creating an online business. If you have noticed, the same policies apply when you have a storefront business. The common denominator here is that you should always be aware of these beforehand to avoid future business conflicts.