If you are selling or reselling things as a business opportunity, you have to make sure that you are doing everything legally and by the book. You want to be sure that you aren't at the risk of legal trouble, that you are documenting all your income properly, and that you aren't going to get in trouble for anything. Here are a few of the things that you should do right away, before you start buying, selling, or reselling.

Find a Law Firm

You have to find a local law firm to draw up some documents. Before anyone purchases something from you in person or online, you want to have documentation stating that you aren't liable for anything related to the product after it leaves your possession. This means that you aren't liable for damage or faults, that you don't accept returns, and that you aren't liable for injuries.  

The lawyer can also tell you what type of insurance coverage you need to have as a business owner. Meeting with a lawyer is one of the first things that you want to do.

Meet With an Accountant

You should meet with an accountant so that you can learn about what needs to be done with finances. You have to prepare for taxes throughout the year, be ready to claim your income, and there are other things that have to be figured out. An accountant can help you figure out what you have to claim, what expenses can be tax write-offs, and more.

Figure Out an Advertising Plan

An advertising plan is a must. You want to blast social media, the radio, satellite radio stations, local advertising pamphlets, and more. This way you are advertising in full force, attracting people to buy from your new business, and so you can make the most profits right away.

Starting a new business selling things, regardless if these are homemade items, things you purchased in bulk, or items that you are reselling, is something that you have to do the right way if you want it to last. Make sure that you meet with a lawyer to see what types of risks you have as this type of business owner, and to make sure that you are prepared legally for the responsibilities that lay ahead. The more you prepare, the better off you'll be when you open your new business and start taking orders.