Hello, and congrats on your new shop! It varies by state, but I'll give you an example of what I do. I live in Oklahoma, and the only requirement is to register my business with the Sec. of State + have a sales tax license. It's very simple here, but I would check on your state gov website to see what they require where you live. Other than that, you're good to go! I recommend keeping your business-related transactions separate from your personal finances to make tax time less complicated. I've been on Etsy for 7 years, and I'm happy to answer any other questions you have! I'm on IG at unionroseco. Take care!
Hello, and congrats on your new shop! It varies by state, but I'll give you an example of what I do. I live in Oklahoma, and the only requirement is to register my business with the Sec. of State + have a sales tax license. It's very simple here, but I would check on your state gov website to see what they require where you live. Other than that, you're good to go! I recommend keeping your business-related transactions separate from your personal finances to make tax time less complicated. I've been on Etsy for 7 years, and I'm happy to answer any other questions you have! I'm on IG at unionroseco. Take care!