Any debts incurred by a sole proprietorship must be repaid using your personal assets and funds. If it’s unclear whether the business was run by the w…
Cost
Zero upfront cost. Before you start, set a personal limit: this is the maximum amount you …
Benefit
Losing money is not the only risk. For sole proprietorships, debts are tied to personal as…
If a platform first receives buyer payments into its own account and then forwards them to sellers, it is effectively operating a payment business. Ru…
Cost
No monetary cost is involved. However, it requires some time to integrate a product from a…
Benefit
According to regulations, a payment business is defined as “transferring monetary funds ba…
Websites that charge users must first obtain a Value-Added Telecommunications Business License. This license is issued solely to companies; individual…
Cost
Registration is free of charge. Obtaining a Value-Added Telecommunications Business Licens…
Benefit
The regulations state: “The state implements a licensing system for commercial Internet in…
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