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Starting a(n) Rental Property Business Licenses & Tax IDs
Hi, I'm Cheryl Rental Properties   Rental Property Rents Apartments Rents homes and apartments Home and apartments located in Connecticut Do I need a license for short term rental property? I see. i don't have LLC OR CORP.. it's just home business.. so .. just the Business License & EIN? ok. thanks for the information. I ..., Cheryl.
Hi, I'm   Free LLC file   Real estate investments and rentals I don't. I just rent out a trailer to a family above me I don't understand why I'd need a permit to rent to them We have a property in VA and we live in Irving.

We lease the property and want a Business License that's what we need; a general Bus...,  .
Rental Property
As the majority of Rental Property businesses, 99.9%, you will need an occupational business license even if you obtain a free 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 LLC s need an  Rental Property  occupational business license. Also, if the LLC has more than one member, or you will file a tax return for the LLC as a corporation as opposed as a disregarded entity, you will need a federal tax ID number for the LLC .Starting a business fist step is to choose the tax legal structure. There are three major ones:

1. Sole proprietor,

2. Partnership, and

3. Corporation or Limited Liability Company. All small, home or web based businesses as well as big businesses must choose and register as on of the above. In addition,  Rental Property  businesses must obtain a business tax registration occupational license receipt.

If selling any  Rental Property  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.

Real estate investments and rentals I don't. I just rent out a trailer to a family above me I don't understand why I'd need a permit to rent to them We have a property in VA and we live in Irving. 
Rental Property Rents Apartments Rents homes and apartments Home and apartments located in Connecticut Do I need a license for short term rental property? I see. i don't have LLC OR CORP.. it's just home business.. so .. just the business license & EIN? ok. thanks for the information. I will look into it more.. and call during the business hours. thanks yes. i already have an LLC that has rental property in it but I am also going to be doing design work for a few clients.. i want a tax resale ID. i will be selling fabric and furniture. i have an LLC with an employer ID number. i have an LLC , bank account opened in that name, ein.. so what do i need exactly I am a property manager and need the tax id number for a utility issue and was just looking to see if I could find it online IS THERE ANY LICENSE REQUIRED FOR BOARDING HOUSE IN FLORIDA I have a rental property and I want to lease them per room I want to know if there is any license required to sublease the entire house per room or individual space is there any separate license required to sublease room in your property in Florida I am in need of a sc tax id number. I need to register my business. liability license from personal income not selling renting income property rental property business, a small business that is I am a California s corporation and purchased rental property in Georgia in 2014.

I nee a stat tax id to file corporate taxes in Georgia. How do I get that and why they keep telling us we need Sales tax ID since we do not collect sales taxes Do I need to pay every year and how much?

How much to open one on a rental property that I run as a hotel? Just need a business license to start a bank acct even though idaho does not require business license for rental property 

.I am wanting to invest in rental property for a second income What type of id numbers do I need What type of ID's do I need to rent out condo's.
   



1. SELECT LLC, DBA, CORP

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



2. TAX IDs - PERMITS

All Finance, Insurance, And Real Estate   businesses/entities need a business license and an EIN.



3. Yonkers STATE SALES TAX ID.

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


You can choose to be a(n) :

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



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



A(n) business using a DBA Doing Business As Trade Name in New York City , i.e., starting businesses using a company name other than the legal (given name) owner's name, need a(n) DBA Doing Business As Trade Name Registration.   For example, you start a(n) business and you call it "Ultra Co". You will need to file a trade firm name for it.

Also, keep in mind that in Yonkers though, a business license and a DBA is necessary for most businesses but if your business sells any taxable items, you will need a sales tax ID number.  (A.K.A state id, wholesale, resale, reseller certificate, about $39 for most states).
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.


If you are thinking of hiring help, you will need a state employer ID and an IRS number employer ID. I.e., a Yonkers Federal Tax Id Number ($29)  and a(n) Yonkers  State Employer Tax Number  


Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in Staten Island, Incorporate in Yonkers  or form a(n) Yonkers LLC


If you will set up a corporation or form an LLC, you will not have to file a DBA (Doing Business As) unless your corproration or LLC name will be different that the busienss name you will trade under. Businesses that use the full legal name of the owner as a business name do not need to register an assumed business name. So, for example, your name is "John X Doe" and you use that as a business name.
 



If you do form an Finance, Insurance, And Real Estate llc or incorporate (about $49 plus state fees for most states) your business instead of just filing a fictitious business name (dba), it will help you avoid legal and financial personal liability arising out of business transactions and you will not have to register the Staten Island business name. Instead of filing a New York City fictitious business name (our service fee includes dba business name filing and legal paper publication) you can elect to incorporate in Yonkers or form an Yonkers LLC (starts @ $49 plus state fee for most states & includes bylaws and LLC operating agreement)..
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