Online store

Online store

 

Question:
Hello!

I plan to create my own online store. In the beginning I consider selling T-shirts with a textile print, and at a later stage to start creating my own clothing models. I plan to make sales mainly through the social networks Instagram and Facebook, as I have an audience to help me grow my business. I need an explanation for a lot of things. For example, is it mandatory to have a website, a cash register or can sales be posted through the courier company I will use? What costs will I have for accounting and insurance? I am currently working on an employment contract. Does this have anything to do with registering a company?

Thanks in advance!

 

Answer:

Hello,

First of all, we will start with the fact that once you plan to do business, you should register as a trader. You have several options, but in the most general case, registering a Company is the best option. The registration takes place after submitting a set of documents to the Commercial Register. You will have a state fee of BGN 110.00, a notary fee of BGN 6.00 and a bank fee for opening a fundraising account, depending on which bank you choose. We can assist you in preparing the necessary documents. After submitting the necessary documents to the Commercial Register, the deadline for issuing a registration is 7 days.

For your part, online marketing does not require you to have your own website and domain. You can use any other platforms - Facebook, Instagram, Etsy, Amazon, Shopify, etc., where you can create an account through which to conduct your business. The important thing is that the account you use is in the name of your Company.

The cash register is obligatory only if you have an obligation to issue a cash receipt - for cash payments, for present payments by debit / credit card and for cash on delivery. Regarding the imposed payment, we want to make a clarification. Courier companies offer 2 types of services - cash on delivery and postal money order. In cash on delivery, you send a shipment to your customer, the courier company receives the payment and you go to their office to receive it. In this case, you have the obligation to issue a receipt. In the case of postal money order, however, you have a pre-concluded contract with the courier company and after they receive the payment from your customers, the amount is transferred to you by bank transfer. In this case, you have no obligation to issue a receipt.

Insurance is mandatory. There are two exceptions - you are already insured as a self-insured person (SOL) and / or you are already insured at the maximum insurance threshold. If you do not fall into the exceptions, the amount of the monthly insurance contributions will depend on what risks you decide to insure.

We hope we have been helpful to you.

Greetings!