Compliance for merchants & sellers

Subject: Compliance for Merchants & Sellers: Essential Updates for Your US BusinessDear US Business Owner / LLC Founder,Navigating the complex world of compliance is crucial for the success and longevity of your business. Here's a quick rundown of key areas you need to be aware of:1. Foundational Federal Requirements:Ensure your business is properly registered and maintains ongoing filings as per SBA guidance. Understand your federal tax reporting obligations, including Form 1099-K for payment app/marketplace income. The FTC enforces strict consumer protection and advertising rules, requiring truthful claims and adherence to acts like the INFORM Consumers Act. If you accept card payments, PCI DSS compliance is mandatory, and payment processors enforce KYB/KYC rules.2. State Sales Tax & Economic Nexus:Sales tax obligations vary significantly by state. Be aware of economic nexus thresholds (often $100k in sales or 200 transactions) which dictate where you must register and collect sales tax. For marketplace sales, most states have marketplace facilitator laws, shifting collection responsibility to platforms like Amazon or Etsy, but you remain responsible for direct sales. Resources like Avalara and TaxJar can help you navigate state-specific requirements.3. Employment & Payroll:If you have employees, comply with I-9 verification, wage withholding, payroll tax filings (IRS and state), unemployment insurance, and workers’ compensation rules.4. Data Privacy & Website Obligations:Beyond FTC guidelines, states like California have robust privacy laws (CCPA/CPRA) that may apply to your business. Ensure your website is compliant with privacy policies and consider ADA accessibility.5. Product Safety & Industry-Specific Rules:Depending on your products, you may need to comply with regulations from the CPSC (general consumer product safety) or FDA (for foods, drugs, cosmetics).Stay Compliant, Stay Ahead!Understanding these areas is vital to avoid penalties and ensure smooth operations. We're here to help you navigate these complexities.Sincerely,[Your Company Name]