5 Questions
What is a key step in starting an online business according to the text?
Conducting market research and developing a business plan
How does having a business name relate to the owner's liability according to the text?
Having a business name does not separate the business entity from the owner, making the owner responsible for debts incurred by the business
How does the taxation system for businesses differ from that of corporates according to the text?
The taxation system for businesses is different from that of corporates, implying different tax rates and regulations
What is emphasized as crucial before launching a business according to the text?
Building up target market through traditional marketing means or creative ways like social media
What is mentioned as a responsibility of the owner in case of business debts according to the text?
The owner of the business is responsible and liable for debts incurred by the business, allowing creditors to go after personal possessions
Learn about starting an online business, the necessary steps, and key differences from traditional businesses. Discover how to do market research, develop a business plan, choose a name, and structure your business.
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