| Starting a(n) Farming Business Licenses & Tax IDs |
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Hi, I'm Fred Obtain Tax Id Wv Sole Owner Farm
Farming
| start up farm producing vegetables and fruit |
, Fred. |
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Hi, I'm J Enoree River Organics LLC
Farming
, J. |
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| | | Farming
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You can choose to be a(n) Farming :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Greenville Business Tax Registration (
FarmingBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) Farming business doing business under an assumed business name in
Greenville 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)
assumed business name certificate.
E.g. you venture into a(n)
Farming
business and you give it a trade name such as "Excellence
Farming
& Associates". You will need to register an assumed business name certificate.
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In
SC
Farming
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 Farming 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 SC Federal Tax Id Number ($29)
and a(n) SC State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Greenville, Incorporate in SC or
form a(n) SC LLC .
You have a choice to file a DBA or form an LLC or incorporate.
If you will do business under your first and last legal name you will not need to get a fictitious business 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 Agriculture And Forestry llc or incorporate (about $49 plus state fees for most states) your Farming 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 Greenville business name.
In lieu of recording a Greenville 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
SC or form an SC 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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| Proctor
Fred
3/22/2013 11:49 AM
. | Obtain Tax Id Wv Sole Owner Farm
Farming
| start up farm producing vegetables and fruit |
| | FredProctor, WV. | | |
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