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| Starting a(n) Fashion Business Licenses & Tax IDs |
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Hi, I'm Mariah Do I Need More Than O E License To Sell Online
Fashion
| The base of my business is online and out of my home. I will be doing fairs and farmers markets but it will be based online. |
, Mariah. |
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Hi, I'm Amber Who As Business License
Fashion
Purses, backpacks with interior lights and Bluetooth gps tile Online Amazon,,eBay,Facebook ,y idea is to provide a product that everyone can relate to,by adding lights to the interior it is both affordable and convenient which make it easier when trying to locate what you need as well as a Bluetooth..., Amber. |
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| | | | | Fashion
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| The term "fashion" means clothing, generally, and the study of it. Fashion references to anything that is the current trend in look and dress up of a person. The prevailing style in behavior as well. Costume has become so linked in the public eye with the term "fashion" that the more general term "costume" has in popular use mostly been relegated to special senses like fancy dress or masquerade wear.
Clothing designers attempt to design clothes which are beautiful but also practical. They must consider who is likely to wear a garment and the situations in which it will be worn. They have a wide range and combinations of materials to work with and a wide range of colors, patterns and styles to choose from.
Some clothes are made specifically for an individual but these days most clothing is designed for the mass market, especially casual and every-day wear.
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You can choose to be a(n) Fashion :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Freedom 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) Fashion business doing business under an assumed business name in
Owen County
i.e. you are a business that uses a DBA doing business as trade name to trade that is other than the full legal (first and last -- full name) name of a sole proprietor or a name other than the LLC or Corporation business name need a(n)
assumed business name certificate.
E.g. you venture into a(n)
Fashion
business and you give it a trade name such as "Excellence
Fashion
& Associates". You will need to register an assumed business name certificate.
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In addition note that in
IN
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 IN Federal Tax Id Number ($29) and a(n) IN State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Freedom, Incorporate in IN or form a(n) IN LLC .
Filing a DBA is not required if you will set up an LLC or form a Corporation.
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 Home Business llc or incorporate (about $49 plus state fees for most states) your Fashion 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 Freedom business name.
Instead of just registering your Owen County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in
IN or form an IN LLC (starts @ $49 plus state fee for most states & includes bylaws for the corporation and Limited Liability operating agreement for the LLC that is required to open a business bank account). .
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