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?
stop ruining fashion with your chink shit
she fat
i want to eat her poop
>>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
>>1859152
Google these questions and do some research you lazy motherfucker. You should learn how to do that first.