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On the other hand, ‘C’ corporations are considered as a separate entity on the subject of taxation. This signifies that your ecommerce business can be topic to ‘ double-taxation ‘, which means that you will be taxed on your enterprise’ income and you’ll nonetheless be taxed in your private revenue. As an entrepreneur, you may find that opening a business account is a good way to separate your private funds from these which you’ll be using to fund your ecommerce enterprise. Having a business account is also intelligent for tax reasons- you’ll bill certain funds and declare them as business bills. Some of …