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Keep Your eBay Biz Legal

Build your eBay business on a strong legal foundation to keep the bids coming.

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This story appears in the March 2006 issue of Entrepreneur. Subscribe »

Are you ready to start a ? "One of the main reasons small businesses fail is they don't seek legal and accounting help at the beginning," says Bellevue, , enrolled tax agent and Silver PowerSeller Patrick Snetsinger (eBay User ID: snetsnkeg). "How your company is structured will have long-term implications."

Many eBay businesses start by accident. Sellers begin by clearing out their houses, then they quickly find a niche and grow rapidly. Legal intentions to set up a legitimate business escape their mind as they ramp up a new business. But you shouldn't wait until you run into problems before setting up your business legally. Here are some initial legal considerations Snet-singer brings up. (Regulations vary by location.)

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