Business Set up for websites?

ste2010 · 24-09-2009 09:11PM #1

Hi There - I am looking to set up a website to sell products. I need to get a VAT no. to deal with some wholesalers so I am wondering the following.

What kind of a business to set up for e-business and what are the general set up costs? e.g. company, sole trader or is there some different business for web based business

Can I set this up online?

Atlas_IRL · 24-09-2009 10:13PM

Are you running the business yourself or do you have people working for you? If your doing it yourself then you should register as a sole trader on cro.ie then apply for your vat. Its easy to do. E-business is the same as any other, you get the company set up, get your vat, hosting, domain etc and your ready to go. You will have other things to fill out at a later stage but the initial set up is pretty straight forward.

ste2010 · 25-09-2009 07:47AM

Thanks Atlas, I will be running it myself (initially-I hope anyway). I will check out cro

BizTalker · 26-09-2009 08:56PM

Only If you wonder, you will fall into the standard VAT rate (21.5%)

ste2010 · 27-09-2009 08:31AM

Thanks Biztalker...everyday is a schoolday

HealthyWay · 29-09-2009 03:31PM

You do not need to register for VAT unless your turnover will be €75,000, if you are not expecting to reach this level in the first year you do not have to register. If you are not VAT registered wholesalers can just add the VAT onto the wholesale price. Just something to think about.

BizTalker · 29-09-2009 04:06PM

HealthyWay wrote: »

You do not need to register for VAT unless your turnover will be €75,000, if you are not expecting to reach this level in the first year you do not have to register. If you are not VAT registered wholesalers can just add the VAT onto the wholesale price. Just something to think about.

That's true, but if he is to claim VAT back on initial capital expenditure, which is quite tempting for start ups, he has to be VAT registered. Plus most of the VAT registered entities or personals tend to deal with VAT registered partners. I'd say, besides the bimonthly return, being VAT registered won't make any harm even though one does not exceed the 75K threshold.

fishy21 · 29-09-2009 08:48PM

ste2010 wrote: »

Hi There - I am looking to set up a website to sell products. I need to get a VAT no. to deal with some wholesalers so I am wondering the following.

What kind of a business to set up for e-business and what are the general set up costs? e.g. company, sole trader or is there some different business for web based business

Can I set this up online?

could someone explain this part in more detail.

Axwell · 29-09-2009 09:43PM

fishy21 wrote: »

could someone explain this part in more detail.

He was just wondering if there was a specific business formation for a website business which there isnt.

You set it up the same as any business and decide if you want to be a sole trader or setup a company. A sole trader is literally as it says a person on their own otherwise you can setup a company which can be limited etc. Have a look here for more info

Business Set up for websites?

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