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Thursday, March 01, 2007
We have recently had some questions regarding setting up a Yahoo! store to sell products to American consumers from the United Kingdom using American dropshippers. So we did some research and here is what we found:
Per Yahoo! you can set up a Yahoo! store as long as you have a credit card with an American address. This store would also serve English speaking Canada.
There are other considerations, however, that you may need to address such as setting up an American bank account. Banks require you provide them with a tax id number (American Social Security number, Federal Tax id number or International Tax Id number). This is due to security measures from 9/11.
You may also need a state resale license with a presence in that state. I spoke to Randy at Laughlin Associates and he said they can assist you in setting this up through a Nevada entity such as a C-Corporation or LLC. His contact number is (800)648-0966.
There may be other considerations regarding your personal tax situation so you may want to contact your tax attorney or accountant.
by: Shawna Seigel
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