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Old 07-24-2009, 12:13 AM THREAD STARTER               #1 (permalink)
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Online auction, based in UK - some questions


Hello guys,
Maybe someone could help me with one question.
If I'm providing an online auction, based in UK, should I receive any licensees, authorized documents for that kind of business? Maybe I can read about that somewhere?
Thanks, Nick
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Old 07-24-2009, 06:58 AM   #2 (permalink)
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I don't think there's anything specific you need to run an auction business, so long as it's not some kind of lowest unique bid game that would need a gambling licence, but you should probably form a company, and if you think you'll generate enough revenue then get VAT registered. It's also important to comply with the Data Protection Act and get registered with the Information Commissioner.

If you're unsure of anything then show your business plan to somebody with experience (your bank might even be able to offer basic advice).
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Old 07-24-2009, 07:14 AM   #3 (permalink)
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Maybe you need to have some consultaion with lawyer in your local region just in case.
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Old 07-24-2009, 12:03 PM THREAD STARTER               #4 (permalink)
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Thanks guys!
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