Starting my first Shopify store (how to become self employed) to provide documentation.

[eddyyss]

Hello there,

I am looking to start my first Shopify store as self employed using PayPal and Shopify Payments.

As we know to sell online through PayPal business you need some legal proof including UK business bank account.

Thus I am wondering if it's possible to become self employed in advance? Because to open a business PayPal account and a business bank account I need to give a proof of my self employment. But based on information online I cannot start self employment in advance.

What is your experience with self employment?

Regards
Ed

 

[fisicx]

You don't need to be self employed.

You can be working for the someone else and run your own business on the side.

 

[eddyyss]

You don't need to be self employed.

You can be working for the someone else and run your own business on the side.

And how do I open business account in PayPal or/and business bank account without being a self employed reg no etc.?

 

[Mr D]

You can register with HMRC now.

 

[eddyyss]

If I am correct. I can register with HMRC and tell them that I want to become self employed. Then self employed information I can use to open business bank account (e.g. paypal) correct?

 

[Scalloway]

If you register with HMRc as se;f employed they will issue you with a UTR. Is that what paypal needs?

 

[Nochexman]

Have you applied for a business bank account?

 

[Financial-Modeller]

Why don't you start a company?

Easier to keep PAYE employment separate from your Shopify business, a better way to operate a business, and provides you with more flexibility in the future - check all the threads on here along the lines of "why is my successful online retail venture worthless?"

 

[Karol B]

Why don’t you open Ltd company it’s not rocket science you know.