We suggest setting up an LLC ASAP because it will protect you better against lawsuits (if you get sued).If you want to read up on the legal considerations of starting a drop shipping business check out this article on our blog - https://blog.dropshiplifestyle.com/legal-considerations-ecommerce/
If you are from outside the US we actually had one of our coaches (Jon Warren from Australia) create a new course that's in the members area of Drop Ship Lifestyle that focuses on how to adjust the techniques in the course when selling in smaller markets. It's called the Doing Business Abroad Course. Here is a link to an article he wrote that’s on our blog - https://blog.dropshiplifestyle.com/drop-shipping-abroad/
All though Drop Ship Lifestyle works in almost every country, many of our international students decide to sale to the US market.
Once you are ready to start your business we recommend you look into creating a sole proprietorship or LLC. The price for this varies based on what state you register in.
Additionally we recommend you sign up for a US bank account and register for a tax ID, both of these are typically free.
While this is a generally a very simple process, we understand that it can be a little confusing for foreign students. Luckily, Stripe, the company behind Shopify's payment processor has recently started a program to make this process extremely simple.
This program will incorporate a business in Delaware (no sales tax), register a us tax ID, create you a US bank account, as well as provide general guidance about US law and taxes. This service is currently in closed beta but is open for new user applications.
You can have these services done individually for less than the cost Stripe is charging, but their service will help make the process effortless.
Also, when applying for Stripe Atlas don't say that you're a drop shipper. Instead say that you're an online retailer. Check out this YouTube video to see why - https://www.youtube.com/watch?v=obiwoAWY6Kk&t=303s
* Drop Ship Lifestyle has no affiliation with Stripes service. We have simply used their payment processor for years and have been generally happy with the results.
If you are from outside the US, but want to create a US based store check out this link for the associated costs - https://dropshiplifestyle.zendesk.com/hc/en-us/articles/212121838-How-much-does-it-cost-to-start-a-dropshipping-business-if-I-live-outside-of-the-US-but-want-to-create-a-US-based-store-
Hope that helps and please let us know if you have any other questions, thanks =)
Have a great day!