[cubeboy]

Naive indeed. For example, I'll call my product Onlinez. I just register the domain, create the product, and people sign up. I need to allow credit card transactions. Where does this get charged to? I need a business account (ABN) and that is all? And then sign up with on of the online credit card companies?

What if a customer is unhappy with my service? What EULA/T&C do I need to provide? I'm just trying to get my head around all basics, and make sure that when I start I start in the right spot.

Another example, I suppose twitter is a case in point. Who owns Twitter? Is that the companies only product? How do they market Company X creator of Twitter. Or the original owners would just sell Twitter itself and move on to another product?