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Drop shipping in USA?

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Thread replies: 6
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Alright motherfuckers. I've got an idea for a niche and I need to get this thing rolling. What do I have to do legally to open a drop shipping store. Can I use my own credit card/bank account to handle all the expenses and revenue? What do I do about taxes? I've a pathetic neet so I've never filed taxes. What do I need to do so the irs doesn't rape my asshole?


Also are there any alternatives to oberlo for automating aliexpress checkout?
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stop ruining fashion with your chink shit
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she fat
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i want to eat her poop
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>>1859152
Since you'd be a sole proprietorship, you literally just need to know how much money you are receiving and how much money you are spending for the biz ops.

I would just make a monthly income report and call it good. It would read like this

>Gross revenue (money in)
>Cost of goods sold (money out)
----------------------------
Gross Profit (substract obv)
>Operating expenses (you'd have to check what you can and can't claim - probs won't have this)
--------------------------
Total net profit

Self employment tax is 35% pretty much everywhere.

This is taxed on the net income, so factor into your margins and don't bitch cuz 65% of something you wouldn't have had anyway is infinite% return.

Your ROI, however, will come down to you and how you do biz
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>>1859152
Google these questions and do some research you lazy motherfucker. You should learn how to do that first.
Thread posts: 6
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