|
| Starting a(n) apparel and accessories Business Licenses & Tax IDs |
|
Hi, I'm Jama Form Llc Apparel Store
Apparel And Accessories
| Selling online apparel jewelry accessories and clothing from my home selling nationwide on personal website
|
, Jama. |
Hi, I'm Berry Business Licence In NY
Apparel And Accessories
| Online Women apparel and Accessories boutique Selling
clothes, hanbags, sunglasses, earrings, bracelets, shoes Selling
nationwide using shopify. |
, Berry. |
|
|
| | | | | apparel and accessories
| |
| My partner and I are a general partnership everything is 50/50 we live in the same state but not in the same city we are registered with the county in which I live and we also have an EIN from the IRS we will be buying wholesale items such as clothing accessories Shoes pocketbooks sunglasses etc. We have an online store will also do face to face pickup.
apparel and accessories Business Licensing Information. All businesses need a business license. If you sell any merchandise, you may want to obtain a resale ID first. Then all apparel and accessories businesses are legally required to get a business license. In addition, if you use a trade name to conduct business. Also, keep in mind that if you decide to hire employees, you will need to apply and get an IRS EIN and register for state employment taxes i.e., get a state identification number. Finally, corporate entities are more prestigious so though you may need to register a DBA Doing Business As you may want to consider becoming a apparel and accessories corporation or limited liability company. |
You can choose to be a(n) Apparel And Accessories :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Brooklyn Business Tax Registration (
Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
|
A(n) Apparel And Accessories business using a fictitious business name in
New York City
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)
Apparel And Accessories
business and you name it "Superior
Apparel And Accessories
Group". You will need to file a fictitious business name for that name.
|
In addition note that in
NY
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 NY Federal Tax Id Number ($29) and a(n) NY State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Brooklyn, Incorporate in NY or form a(n) NY 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 Online Store llc or incorporate (about $49 plus state fees for most states) your Apparel And Accessories 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 Brooklyn business name.
Instead of just registering your New York City assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in
NY or form an NY 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). .
|
|
|
|
|
| | |
| |
|
|
|