Shipwire in the News

What to consider when going global

The Sydney Morning Herald, My Small Business, September 5th, 2012

Q. I operate a local online business selling a combination of locally sourced and imported apparel. I would like to expand into overseas markets with the aid of an outsourced warehousing and fulfilment service – Shipwire has been high on candidate list.

Given a new “physical presence” in the US, would we need to register as a business, and more importantly, would we need to pay tax to the IRS (Internal Revenue Service)? Does the use of a physical warehouse and fulfilment service necessitate this? Some of the products will be shipped directly from US wholesalers to our rented US warehouse.

We currently export to foreign markets – but I feel having an actual presence in one may complicate things.

A. Congratulations on having successfully developed your online business to a stage where you are now looking at overseas expansion.

I should preface my response by stating that I am not an accountant or lawyer and I recommend you obtain professional advice in this area. My comments should be construed as general advice only.

Read the full article here.

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