Questions regarding legal issues in IM
Dear Fellow Warriors,
I am a complete newb in IM, I`ve learned about it recently and decided to use this vehicle to support my living and study abroad.
The information overload for this industry is quite... advanced
. It feels very ovewhelming to look for certain information and not only finding a whole lot of sources (all of which claim to be unique, magical, instant-and-easy-to-use-step-by-step-blueprints-to-earn-money-with-0-effort...), but during that time also finding some other, supposingly much cooler and newer things.
Frankly, I am not that eager to waste my money on something, that is useless to me or simply is a bunch of doo-doo. As I said, I am a student and I simply don`t have the money (that`s why I`m starting in this arena )
So I have a few questions, regarding IM and legal issues:
1) How most of you guys register (or not register) in your countries to earn money in affiliate marketing, freelancing ? What about taxes ? Are there any appr. income thresholds, below which I can earn unregistered and unseen by authorities ?
2) How did you, todays experienced IMers, go with that, when you started in IM ? How it would be better to start today ?
3) I am planning to create my own infoproducts - should I or should I not register as a sole proprietor or any other form of business structure ?
If my first products will cost approximately less than 50$, should I register as soon as possible or wait if this thing grows to the income amounts, that are quite serious not to declare them ?
I do understand, that if I am just starting, money probably won`t come today, but still I want to know this stuff, because so far very few infoproducts on IM spoke about this topic...
My situation is that I am alone and I love creating new concepts and ideas, which makes content creation for me quite enjoyable. All other stuff I learned and will learn from other Infoproducts on IM.
4) I am living and studying right now in Germany, but I am originally from Latvia (I am a citizen of Latvia and have bank accounts there on my name) so do I have an option to use my Latvian bank account to pay taxes in Latvia? (My PayPal is set to a latvian bank account, but by registering a domain and hosting I`ve used my german adress).
5) If someone knows legislations in Germany regarding IM or have at least link or reference, where I can get this information, I would be very appreciative
6) Which Infoproducts about IM, that you know of, can cover my questions in detail, if there are any ?
Thanks in advance, any feedback and help will be appreciated
I am a complete newb in IM, I`ve learned about it recently and decided to use this vehicle to support my living and study abroad.
The information overload for this industry is quite... advanced
. It feels very ovewhelming to look for certain information and not only finding a whole lot of sources (all of which claim to be unique, magical, instant-and-easy-to-use-step-by-step-blueprints-to-earn-money-with-0-effort...), but during that time also finding some other, supposingly much cooler and newer things. Frankly, I am not that eager to waste my money on something, that is useless to me or simply is a bunch of doo-doo. As I said, I am a student and I simply don`t have the money (that`s why I`m starting in this arena
)So I have a few questions, regarding IM and legal issues:
1) How most of you guys register (or not register) in your countries to earn money in affiliate marketing, freelancing ? What about taxes ? Are there any appr. income thresholds, below which I can earn unregistered and unseen by authorities ?
2) How did you, todays experienced IMers, go with that, when you started in IM ? How it would be better to start today ?
3) I am planning to create my own infoproducts - should I or should I not register as a sole proprietor or any other form of business structure ?
If my first products will cost approximately less than 50$, should I register as soon as possible or wait if this thing grows to the income amounts, that are quite serious not to declare them ?
I do understand, that if I am just starting, money probably won`t come today, but still I want to know this stuff, because so far very few infoproducts on IM spoke about this topic...
My situation is that I am alone and I love creating new concepts and ideas, which makes content creation for me quite enjoyable. All other stuff I learned and will learn from other Infoproducts on IM.
4) I am living and studying right now in Germany, but I am originally from Latvia (I am a citizen of Latvia and have bank accounts there on my name) so do I have an option to use my Latvian bank account to pay taxes in Latvia? (My PayPal is set to a latvian bank account, but by registering a domain and hosting I`ve used my german adress).
5) If someone knows legislations in Germany regarding IM or have at least link or reference, where I can get this information, I would be very appreciative
6) Which Infoproducts about IM, that you know of, can cover my questions in detail, if there are any ?
Thanks in advance, any feedback and help will be appreciated
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