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| Starting a(n) clothing merchandise Business Licenses & Tax IDs |
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Hi, I'm countering sugar land llc
hi i am looking into starting a online boutique. i live in the state pa whats the state ein id? i was planning on doing this by myself..selling online from facebook and possibly shopify do i need to have business and website right now before i fill this out? i just want to buy wholesale stuff and se..., . |
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| hi i am looking into starting a online boutique. i live in the state pa
whats the state ein id?
i was planning on doing this by myself..selling online from facebook and possibly shopify
do i need to have business and website right now before i fill this out?
i just want to buy wholesale stuff and sell it so what all would i need to do and get?
im doing the quiz now what should i pick for business category? wholesale trade? or clothing bc i want to do clothing ,jewelry and shoes |
1. SELECT LLC, DBA, CORP
From sole propr., San Antonio LLC, TX partneship or TX Corp.: Each requires an entity certificate filing.
2. TAX IDs - PERMITS
All
Internet Business
businesses/entities need a business license and an EIN.
3.
San Antonio STATE SALES TAX ID.
Selling/Buying wholesale or retail
requires a San Antonio seller's permit.
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You can choose to be a(n) :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Abbott Business Tax Registration (
Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) business doing business under an assumed business name in
Hill 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)
business and you give it a trade name such as "Excellence
& Associates". You will need to register an assumed business name certificate.
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In addition note that in
San Antonio
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
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 San Antonio Federal Tax Id Number ($29) and a(n) San Antonio State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Abbott, Incorporate in San Antonio or form a(n) San Antonio 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 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 personal liability from wrongs arising from your business dealings and you will not have to file the Abbott business name.
Instead of just registering your Hill County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in
San Antonio or form an San Antonio 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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