I don't know much but I will be selling some stuff on Etsy.com or Ebay(you can open and Ebay store if you want to go that route). I guess all depends on what you're selling there's some host sites out there that can help you. I'll ask a friend who just recently opened up her own online store.
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You might have to file out an LLC.
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I have some links here about generically starting your own business, if that helps. :D
http://www.homebizwomen.com/women-small-business.html
http://guruknowledge.org/articles/270/1/Home-Business-Legalities-And-Tax-Advantages/Home-Business-Legalities-And-Tax-Advantages.html
http://www.irs.gov/businesses/small/index.html
http://www.nolo.com/article.cfm/ObjectID/BD13C3AA-19E8-4EB3-97A29AE1586860A7/catID/9FA25870-14F1-4657-9778F19FB41FB93D/111/228/ART/Reply
Not sure if that qualifies me as "knowledgeable" though. I still need to register as a legit business and learn about taxes + whatnot for next year.
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