Online auction, based in UK - some questions

***twomoon*** · 07-24-2009, 12:13 AM

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

plaggypig · 07-24-2009, 06:58 AM

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).

~ServerPoint~ · 07-24-2009, 07:14 AM

Maybe you need to have some consultaion with lawyer in your local region just in case.

***twomoon*** · 07-24-2009, 12:03 PM

Thanks guys!

07-24-2009, 12:13 AM	THREAD STARTER #1 (permalink)
*twomoon* Lead farmer Join Date: May 2008 Location: Voodoo.TV Posts: 3,941 Follow @Voodoo_TV	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 __________________ my .tv domains - voodoo.tv / twomoon.com - my other domains FlyingDutchman.com - the legend of the Flying Dutchman

07-24-2009, 07:14 AM	#3 (permalink)
~ServerPoint~ NamePros Regular Join Date: Nov 2007 Posts: 994	Maybe you need to have some consultaion with lawyer in your local region just in case. __________________ ServerPoint.com - a true hosting company offering online presence solutions since 1998 Web Hosting, colocation, dedicated servers, Virtual Private Server (VPS) hosting *Wholly owned multi homed network, servers and facilities*

07-24-2009, 12:03 PM	THREAD STARTER #4 (permalink)
*twomoon* Lead farmer Join Date: May 2008 Location: Voodoo.TV Posts: 3,941 Follow @Voodoo_TV	Thanks guys! __________________ my .tv domains - voodoo.tv / twomoon.com - my other domains FlyingDutchman.com - the legend of the Flying Dutchman

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07-24-2009, 06:58 AM	#2 (permalink)
plaggypig NamePros Regular Join Date: Dec 2007 Location: UK Posts: 590	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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