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Want to set up business...... need help

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  • 14-06-2007 11:24pm
    #1
    Jack_Flash
    Closed Accounts Posts: 39 ✭


    Hi Guys,

    I'd like to set up a small business in the near future but I am unsure as to what the steps are for doing this. I'd really appreciate it if some of you folk could advise me.

    Take the example that I want to set up an online business which sells goods etc. etc.

    Any help much appreciated.


Comments

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    #2
    FX Meister
    Closed Accounts Posts: 5,217 ✭✭✭FX Meister


    1. Set up business
    2. Sell goods online using paypal.
    3. Withdraw money from paypal to bank account
    4. Re-invest in more stock
    5. Spend profits on cocaine and hookers.

    What are you planning on selling? Do you want to pay tax?


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    #3
    Jack_Flash
    Closed Accounts Posts: 39 ✭Jack_Flash


    Thanks FX Meister. I was more worried about what my statutory obligations are and yes I intend to pay tax.


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    #4
    JoeTurner
    Registered Users Posts: 201 ✭✭JoeTurner


    Jack_Flash wrote:
    Thanks FX Meister. I was more worried about what my statutory obligations are and yes I intend to pay tax.

    Hi Jack,

    Just sent you a pm

    Joe


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    #5
    Sully
    Moderators, Education Moderators, Technology & Internet Moderators, Regional South East Moderators Posts: 24,056 Mod ✭✭✭✭Sully


    Can anyone run a business, without registering as a company or paying tax?

    Like.. running a shop online selling some goods. Do I need to set up a busines name, pay tax etc?

    One area that has me totaly confused in business!


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    #6
    Zynks
    Registered Users Posts: 1,693 ✭✭✭Zynks


    Sully wrote:
    Can anyone run a business, without registering as a company or paying tax?

    Like.. running a shop online selling some goods. Do I need to set up a busines name, pay tax etc?
    They are separate issues. You can do business as a sole trader, a partnership, a co-op or a limited company. Each have their own characteristics and what suits one may not suit the other. In any of them you will be liable for taxes, though there are variations.

    Have a look at these links for further information:
    http://www.citizensinformation.ie/categories/employment/types-of-employment/self-employment/starting_up_a_business_in_ireland/?searchterm=start%20a%20business
    http://www.performanceplus.ireland.ie/home/index.aspx?id=238


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    #7
    Sully
    Moderators, Education Moderators, Technology & Internet Moderators, Regional South East Moderators Posts: 24,056 Mod ✭✭✭✭Sully


    But whats stopping someone from advertising services, and not charging tax? Ie cash in hand?


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    #8
    Nuttzz
    Registered Users Posts: 3,774 ✭✭✭Nuttzz


    nothing, but should the tax man find you he will pin your ass to the wall


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    #9
    Sully
    Moderators, Education Moderators, Technology & Internet Moderators, Regional South East Moderators Posts: 24,056 Mod ✭✭✭✭Sully


    Nuttzz wrote:
    nothing, but should the tax man find you he will pin your ass to the wall

    I always wondered was that legal. Cheers. :)


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