If you register your business with ACRA like me, you will be required to pay taxes. If you wish to sell things online, it is best for you to register your business name. Having your RCB number located on your website helps to instill trust because your visitors know that you are who you are by checking with ACRA.
You should also leverage on your own business.
Here are some of the facts you may or may not know:
1) Registering a business costs only $65 for a Sole Proprietorship
2) You can use your residential address to register a business, or a virtual office if you do have a physical office.
3) For Sole Proprietorship, your business earnings are added into your personal total taxable income and taxed accordingly. This also means if your business makes a loss for the first few years, your personal total taxable income will also be reduced.
Btw, I'm thinking of starting another website again...
