| Starting a(n) Sales Business Licenses & Tax IDs |
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Hi, I'm Clothing For Sale
Sales
| Clothing store I will Sell online until I get enough to get a storefront |
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Hi, I'm Camillo Dorsey Preesure D LLC
Sales
Q: I am a steel worker, i will buy wholesale items to customers in alabama and ebay. My home and garage Jefferson County Sales Preesure milloDors D LLC
A: First the fictitious business name "Preesure milloDors D LLC," must be register with an LLC certificate or the LLC suffix removed an..., Camillo Dorsey. |
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You can choose to be a(n) Sales :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Riverton Business Tax Registration (
SalesBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) Sales business using a fictitious business name in
Fremont 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)
Sales
business and you name it "Superior
Sales
Group". You will need to file a fictitious business name for that name.
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In addition note that in
WY
Sales
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 Sales 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 WY Federal Tax Id Number ($29)
and a(n) WY State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Riverton, Incorporate in WY or
form a(n) WY 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 Other llc or incorporate (about $49 plus state fees for most states) your Sales 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 Riverton business name.
Instead of just registering your Fremont County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in
WY or form an WY 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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Q: I am a steel worker, i will buy wholesale items to customers in alabama and ebay. My home and garage Jefferson County Sales Preesure milloDors D LLC - I will buy wholesale and used items to sell at a flea market. Do i need a business license to start Sales?
A: First, yes, you need one and also a federal tax id and an llc filing. Second the fictitious business name "Preesure milloDors D LLC," must be register with an LLC certificate or the LLC suffix removed and register it as a dba business name registration. Third, you need a seller's permit to buy wholesale items to customers in alabama and ebay.
As the majority of businesses, you will need an occupational business license even if you obtain a free Sales LLC filing or you incorporate. In addition, you may need a federal tax ID number, and if you sell any merchandise, you will need a resale tax ID number. Also note that all LLCs need an occupational business license. Also, if the llc has more than one member, or you will file a tax return for the Sales LLC as a corporation as opposed as a disregarded entity, you will need a federal tax ID number for the LLC. Starting a Sales business fist step is to choose the tax legal structure.
There are three major ones:
1. Sales Sole proprietor, with "DRW's Whole Sale," trade name need an dba business name filing.
2. Partnership, and
3. Corporation or Limited Liability Company.
All small, home or web based Sales businesses as well as big businesses must choose and register as on of the above. In addition, businesses must obtain a business tax registration occupational license receipt. If selling any Sales taxable items,a business must also get a reseller ID number to buy wholesale and sell retail. Finally, if a business is an employer, it needs to get a federal EIN and a State EIN. |
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| Pittsburgh
5/30/2015 1:26 PM
. | Clothing For Sale
Sales
| Clothing store I will Sell online until I get enough to get a storefront |
| | Pittsburgh, PA. | | |
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