| Starting a(n) Smoke Shop Business Licenses & Tax IDs |
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Hi, I'm Heather Licence Needed Oregon 97404
Smoke Shop
Do I need a Smoke Shop Accessories license? If I am wanting to open an online smoke shop with NO tobacco, just pipes and water bongs and accessories I just need some information. I am opening up a smoke shop and just need to know if I will be required to have a tobacco license to sell pipes and othe..., Heather. |
Hi, I'm Adrianna Up Wholesale
Smoke Shop
I’m opening a tobacco / smoke shop still reading but it looks like business license, llc and ein requirements to start a smoke shop
A: Hi Adrianna, What you need to buy wholesale your smoke shop items is a wholesale license. It is the same as a Seller's permit. The way it works is when you buy ..., Adrianna. |
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You can choose to be a(n) Smoke Shop :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Reno Business Tax Registration (
Smoke ShopBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) Smoke Shop business using a fictitious business name in
Washoe 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)
Smoke Shop
business and you name it "Superior
Smoke Shop
Group". You will need to file a fictitious business name for that name.
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In addition note that in
NV
Smoke Shop
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 Smoke Shop 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 NV Federal Tax Id Number ($29)
and a(n) NV State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Reno, Incorporate in NV or
form a(n) NV 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 Retail llc or incorporate (about $49 plus state fees for most states) your Smoke Shop 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 Reno business name.
Instead of just registering your Washoe County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in
NV or form an NV 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’m opening a tobacco / smoke shop still reading but it looks like business license, llc and ein requirements to start a smoke shop
A: Hi Adrianna, What you need to buy wholesale your smoke shop items is a wholesale license. It is the same as a seller's permit.
The way it works is when you buy wholesale, you present the resale certificate to the wholesaler verifying that you hold a seller's permit.
Every quarter, or semi annually, you report what you sold and you keep records and remit the sales tax you collected to the state at the end of the year. Starting a Smoke Shop requires not only state buy also local licenses.
For example, you need at least a business license but what is more important is to select a business structure such as an LLC, corporation, partnership or sole proprietorship. If you file an LLC, it will protect your personal assets and register the trade name "Especially Smoke in The Air," so it will be an one shot killing 2 birds. Hiring smoke shop employees requires an EIN from the federal government and an EIN from the state government. |
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| Eugene
Heather
8/10/2021 1:02 AM
. | Licence Needed Oregon 97404
Smoke Shop
| Do I need a Smoke Shop Accessories license?
If I am wanting to open an online smoke shop with NO tobacco, just pipes and water bongs and accessories
I just need some information. I am opening up a smoke shop and just need to know if I will be required to have a tobacco license to sell pipes and other smoke shop accessories?
Here is what license you need: file a DBA, LLC, OR corporation because all other licenses and tax registrations are filed under the name of the LLC, DBA, or corporation.
File a DBA, LLC, OR corporation because all other licenses and tax registrations are filed under the name of the LLC, DBA, or corporation.
Accessories , you need a license to buy Wholesale; it is called a seller's permit and the tax exemption reseller certificate is part
of it. Your business name "Possom Moon" can be registered with an LLC. 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. The cost is about $199. |
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