Checklist 2: Sort out Capital and Legal Issues The second starting an online business checklist item is to understand and fulfill the capital and legal requirements. Determine the start up capital required and how you will raise the money. Learn about the applicable taxes, benefits and the kind of insurance that you will need to pay for as an online business owner. You need to find out the legal requirements for starting a business online in your area and meet them. These may include obtaining licenses and registering for taxes. Understand the government regulations for conducting an online business in your area.
You\'re about to start planning a party, but don\'t know where to start. You run to the grocery store, looking at this and that, deciding on a few things you may need, knowing the whole time you\'ve forgotten something. Now it\'s time to head over to the local department store for some decorations. You follow the same unguided principles you went through at the grocery store. Then once again you missed a few things at the liquor store.