don I need a business license or something else to sell on amazon?
“Don’t I need a business license or something else to sell on amazon?” It depends. Amazon’s basic requirement is that you have “good credit” as evidenced by a valid credit card account in order to create an Amazon seller account. For Amazon, they need a U.S. taxpayer identification number which is either: – your social security number (if an individual), or – your employer identification number (if a corporation, partnership, or other similar business entity) This is so that Amazon can comply with U.S. Internal Revenue Service laws & regulations by issuing you an IRS Form 1099-MISC if you receive more than $600.00 in any year. Otherwise Amazon is required to do “backup withholding” and withhold a percentage of your Amazon Payments in order to pay federal income taxes. Form 1099-Misc Instructions: http://www.irs.gov/pub/irs-pdf/i1099msc.pdf Form 1099-Misc:
