Originally Posted by InertiaNetworks
It is always recomended to register as a business. This way, you have the law on your side!
So i can register as a business and then scam everyone and the law will be on my side.
I DON'T THINK SO!!
As a business (registered or not), you have to comply with current legislation.
But if you are doing anything that is generating an income then you have to declare this as earnings.
In the UK you need to do this as a minimum
1) register with the HMRC for tax purposes
2) register with ico.gov.uk under DPA if you store personal details on a computer or manual files.
3) open a business account ( more and more wholesalers require this)
points 1 and 2 are the important and legal requirements