| Starting a(n) Farm Business Licenses & Tax IDs |
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Hi, I'm Register LLC
Farm
Hi ... I need help, and am afraid I may have made a mistake I just set up an LLC for my company ... I am starting a micro=green farm I will be Selling "live" hydroponic microseeds we bought a house and want to register as a farm in PA I own 6 acres in WVA and want to start raising alpacas...., . |
Hi, I'm Wholesale Certificate
Farm
| grow product in the farm and sale to supermarket |
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You can choose to be a(n) Farm :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Valley Springs Business Tax Registration (
FarmBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) Farm business doing business under an assumed business name in
Boone County
i.e. you are a business that uses a DBA doing business as trade name to trade that is other than the full legal (first and last -- full name) name of a sole proprietor or a name other than the LLC or Corporation business name need a(n)
assumed business name certificate.
E.g. you venture into a(n)
Farm
business and you give it a trade name such as "Excellence
Farm
& Associates". You will need to register an assumed business name certificate.
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In
Farm
you need a resale ID ( AKA seller's permit) if you selling touchable items.
(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 Farm 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.
Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number.
I.e., a AR Federal Tax Id Number ($29)
and a(n) AR State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Valley Springs, Incorporate in AR or
form a(n) AR LLC .
Filing a DBA is not required if you will set up an LLC or form a Corporation.
If you will do business under your first and last legal name you will not need to get a fictitious business name.
Using any language that connotes additional owners in the name of the business makes filing a fictitious business name mandatory.
If you do form an Agriculture And Forestry llc or incorporate (about $49 plus state fees for most states) your Farm business instead of just filing a fictitious business name (dba),
that insurs that you don't have personal liability for debts and civile liabililty arising from your business dealings and you will not have to record the Valley Springs business name.
In lieu of recording a Boone County trade company name (our filing service fee includes trade name registration and newspaper legal publication for 4 weeks) you can also form a corporation in
or form an AR LLC (starts @ $49 plus state fee for most states & includes bylaws for the corporation and Limited Liability operating agreement for the LLC that is required to open a business bank account). .
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| Hi ... I need help, and am afraid I may have made a mistake
I just set up an LLC for my company ... I am starting a micro=green farm
I will be selling "live" hydroponic microseeds
we bought a house and want to register as a farm in PA
I own 6 acres in WVA and want to start raising alpacas. What are the requirements for this to be considered a farm for tax purposes?
My daughter and son-in-law just purchased a approx. 30 acre farm in Bradfordsville, Ky. We will be raising produce and chickens
OK. Other than the ein which all the rest of the licenses and permits would be obtained through the State or county, correct? |
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| Avella
4/20/2018 5:31 PM
. | Register LLC
Farm
| Hi ... I need help, and am afraid I may have made a mistake
I just set up an LLC for my company ... I am starting a micro=green farm
I will be Selling "live" hydroponic microseeds
we bought a house and want to register as a farm in PA
I own 6 acres in WVA and want to start raising alpacas. What are the requirements for this to be considered a farm for tax purposes?
My daughter and son-in-law just purchased a approx. 30 acre farm in Bradfordsville, Ky. We will be raising produce and chickens
OK. Other than the ein which all the rest of the licenses and permits would be obtained through the State or county, correct? |
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