Now that you have a plan for your business and know how to arrange funding to get things started, it’s time to work on the nuts and bolts of setting up an official and legal business.
Wait a minute, some of you are probably thinking. There are millions of sellers on eBay who don’t go through any of this legal stuff, who sell items out of their garage and do just fine, thank you.
This is true. But those sellers aren’t trying to make a business of it; for them, selling on eBay is a hobby or an occasional pursuit. If you want to make serious money on eBay, you have to treat your activity as a serious business—which means setting yourself up as a legitimate business entity.