Insurance and Business Licensing on Etsy
Etsy does not require you to have insurance to sell on their website. But product liability insurance is essential if you want to safeguard your online shop. You might not need a formal business license if running your Etsy shop as a hobbyist or small venture. However, if your Etsy store evolves into a substantial income source, explore licensing in your state. To have success in your Etsy business, you need an Etsy business plan.
Obtaining Licenses and Permits
If you sell on Etsy as a business, obtain a business license or permits. You must check your local laws and regulations to determine licenses and permits you need to sell on Etsy. If you operate your Etsy business as a sole proprietor, you only need your Social Security Number for tax purposes.
Selling on Etsy in Canada
In Canada, you do not need to register your business if you are the sole proprietor. Etsy in Canada charges sellers fees.
It took time to realize I needed an Etsy business plan. I thought I could make what I liked, whenever I wanted and it would sell. You need an Etsy business plan to have success.