How to be a registered online company?

Beads_lovers_Jamie

Hi,

I'm working but i also want to sell my handmade accessories which i have setup my online store thru blogger.

Recently, I want to sell my stuffs thru pushcarts or flea markets too. But i have no idea how to register as an online registered company.

Can anyone please give me more details?

Thx..

Luvboisad

Hi Beads_lovers_Jamie,

If you are doing a small scale business is better not to register online company.Is not really worth it. But you can give a a try. You can try this website on how to register online company.

http://www.business.gov.sg

Beads_lovers_Jamie

Hi,

Thx for answer but does we need to register online company so that we can sell our products on flea markets or events space?

missyow

ooo nonoo need to be registered company before you can sell at fleas, event space.... you can registered under your name...

FF Fashion

As long as you are carry on a business you should register your business though a lot of people esp online sellers are not doing so. It is actually an offence under the Business Registration Act.

It's is easy to register online, and the annual licence fees is $20.

If you are going ahead to register, do so as a sole proprietor will do. When it comes to income tax submission, declare your employment income as per normal and under the trade or other income (can't remember the categories), declare income /losses from your online business. In the case of a profit, you will be tax under personal tax rate together with your employment income. In the case of a loss, the loss will be offset against your employment income if I'm not mistaken. Keep simple accounts of your sales & business expenses, don't wait till the last minute.

Here's an interesting document which I came across, although dated Sep 2005, the basics are still useful info.
http://www.business.gov.sg/NR/rdonly...eneurguide.pdf

Good luck.

Beads_lovers_Jamie

Hi,

Thx for your reply but we still need to register thru HDB if we are using our house address right.. is there any more other lisence to apply ?