Benefits Disadvantages Is dropshipping for you?

recording your income, and logging expenses. Taking care of this 
on a consistent basis will help keep your finances headache-free. 
Trust me, you don’t want to have to dig up everything a month 
before tax season.
Understand when to collect state tax on purchases
This is a rule that’s good to know in advance. You only need to collect state tax if 
both of these criteria are met:
dz The state your business operates from collects sales tax
dz Someone from your state places an order from your site
Most orders won’t be eligible for sales tax, but some will, and 
you’ll need to be prepared for those. Be sure to contact the 
Department of Commerce in your state to register and get more 
information about rules you need to follow.

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5. Making Your Business Official
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See if you need a local business license
Since most dropshipping businesses are operated out of home offices, a 
local 
business license may or may not be necessary
. You’ll need to contact your city to 
find out if you need one or not. Even if you end up not needing a business license, 
you may need to obey certain local rules that govern home businesses.
Make sure your office space is in the clear
Having a home office is usually a straightforward process, but sometimes there are 
snags. For example, you might need a local business license.
However, in some cases, there’s a few more formalities involved. If you’re part of 
a Homeowners Association (HOA), you may have to follow specific regulations 
for running a business from your residence. Alternatively, you could choose to 
rent an office or coworking space, but this usually isn’t cost effective for most 
entrepreneurs.
Don’t forget to read up on what tax deductions you can take