From what I can see alot of people are making a very good living from internet marketing and small home businesses, but they work hard for it. It does not just happen.

I have decided to start selling tangible products also, but first I have to get my business license and a wholesale resell license. I already have my Federal tax ID and since I will be using my name I will not have to spend money on a company name.

I didn’t realise so much was involved in this process and how much money you need to start a small business online from home. I did know about filing and reporting taxes and if your an affiliate and make large sums over 500. you have to claim and report it. 

I think alot of people get into trouble with the tax thing and that is why alot of small businesses close down. One thing I do know is to keep good records. You never know when you could get audited. The best thing to do is to get an accountant or someone you know that knows the tax laws. Keep track of everything.