I have stuff I would like to post there, and offer to sell, but I'm not sure if I need a business licence. Anyone who can help me out with this that has perhaps gone through this before?
I dont think that you need a business license to actually sell via iTunes, but you are responsible for your own tax etc. If you made $5000 on iTunes, and did not declare it is income, then you would be asking for trouble. Is it not $600 in online income in the USA which you are allowed before declaring?
500 and below it can be considerd a hobby, above 500, your a business in the USA I believe. Sence Internet crosses state lines etc, I think depending on your state you may need a liscense, for state Taxes etc...
As far as Federal, that has not passed yet. They are looking at a law about Internet Commerce, things may change, especialy now. I'd check at your county clerks office, just ask general questions, dont tell them too much.
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