| Starting a(n) Auto Parts Business Licenses & Tax IDs |
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Hi, I'm robert 35802
Auto Parts
Automotive products are sold directly to a dealership, yes, I own an automotive repair shop. I was told I needed a license and an LLC to sell my customers the parts I buy for their vehicles.
Yes, you need a license; it is called a seller's permit. You can obtain both the LLC and the permit her..., robert. |
Hi, I'm 89128
Auto Parts
I buy auto parts and ship abroad.
I just need the Seller's permit for an auto salvage yard ?I need a business account as well?
What other type of licensing or permits do I need?
How Long before do I have to renew my business licence?..., . |
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| | | Auto Parts
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You can choose to be a(n) Auto Parts :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Huntsville Business Tax Registration (
Auto PartsBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) Auto Parts business using a fictitious business name in
Madison County
i.e. you are a business with a trade name other than the owner's legal (full name) name are required to get a(n)
fictitious business name.
For instance you open a(n)
Auto Parts
business and you name it "Superior
Auto Parts
Group". You will need to file a fictitious business name for that name.
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In addition note that in
AL
Auto Parts
you may also need a seller's permit if you sell merchandise that is taxable.
(A.K.A state id, wholesale, resale,
reseller certificate, about $39 for most states). You will need it if you sell or want to buy wholesale any Auto Parts related items, such as food, materials, or merchandise.
Seller's Permit
Note: All businesses need a federal tax ID number except sole proprietors that are not employers and are not independent contractors.
An independent contractor is a self employed business person that receives more than $600 per year from anyone of his or her clients.
IRS rule: The client must issue a 1099 form to the independent contractor and the independent contractor must have a federal tax ID.
However, even sole owners may obtain a federal ID and use it as a business tax ID instead of using their own social security number as a
business tax ID number.
However, all other licenses that apply to sole proprietors as discussed here are requited regardless of getting
a federal tax ID number.
In addition you will need a federal and a state EIN if you will hire employees.
I.e., a AL Federal Tax Id Number ($29)
and a(n) AL State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Huntsville, Incorporate in AL or
form a(n) AL LLC .
You have a choice to file a DBA or form an LLC or incorporate.
There is a cicrcumstance that you may not need to register a trade name and that is when you use your full name as a business name if you use your full legal name as a trade name.
Also note that even using your first and last name may not help you avoid filing a DBA if the name has a suffix such as "& sons" etc.
If you do form an Wholesale Trade llc or incorporate (about $49 plus state fees for most states) your Auto Parts business instead of just filing a fictitious business name (dba),
it will help you avoid personal liability from wrongs arising from your business dealings and you will not have to file the Huntsville business name.
Instead of just registering your Madison County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in
AL or form an AL LLC (starts @ $49 plus state fee for most states & includes required documents such as bylaws for the corporation and Limited Liability operating agreement for the LLC). .
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I buy auto parts and ship abroad.
I just need the seller's permit for an auto salvage yard ?I need a business account as well?
What other type of licensing or permits do I need?
How Long before do I have to renew my business licence? |
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| Huntsville
robert
8/10/2021 12:19 AM
. | 35802
Auto Parts
| Automotive products are sold directly to a dealership, yes, I own an automotive repair shop. I was told I needed a license and an LLC to sell my customers the parts I buy for their vehicles.
Yes, you need a license; it is called a seller's permit. You can obtain both the LLC and the permit here. We will provide the LLC certificate as well as the LLC operating agreement and the EIN that you can obtain on our site. |
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