Starting a(n) high value wood products Business Licenses & Tax IDs

Hi, I'm john boyd how to start an LLC

will produce high value added lumber products such as interior house trim from round logs

, john boyd.

high value wood products

1. SELECT LLC, DBA, CORP

From sole propr., AK LLC, AK partneship or AK Corp.: Each requires an entity certificate filing.

2. TAX IDs - PERMITS

All Internet Business businesses/entities need a business license and an EIN.

3. AK STATE SALES TAX ID.

Selling/Buying wholesale or retail requires a AK seller's permit.

✔ Biz Structure

You can choose to be a(n) :

Sole Proprietor,
LLC,
Corporation or
Partnership.
After you decide and select your business entity, you need licensing.

✔ Biz License

Craig Business Tax Registration ( Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.

✔ DBA Biz Name

A(n) business using a fictitious business name in Prince of Wales-Outer Ketchikan Census Area 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) business and you name it "Superior Group". You will need to file a fictitious business name for that name.

✔ Seller Permit

In addition note that in AK 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).
Seller's Permit

✔ Federal EIN

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.

✔ State EIN

Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number. I.e., a AK Federal Tax Id Number ($29) and a(n) AK State Employer Tax Number

✔ L L C

Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in Craig, Incorporate in AK or form a(n) AK 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.
Using any language that connotes additional owners in the name of the business makes filing a fictitious business name mandatory.

✔ Incorporation

If you do form an llc or incorporate (about $49 plus state fees for most states) your 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 Craig business name. Instead of just registering your Prince of Wales-Outer Ketchikan Census Area assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in AK or form an AK 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). .


how to start an LLC AK high value wood products AK Craig