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| Starting a(n) Selling Business Licenses & Tax IDs |
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Hi, I'm Christian How To Get Busses License
Selling
| I want to sell
goods in the store . I want to bring goods from Turkey and sell
it in US. What l need to do first
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, Christian. |
Hi, I'm Daniel Sanchez How To Resell Pokemon Cards
Selling
| Location of my inventory is home, and will be Selling
online to the public. Would like to expand it. |
, Daniel Sanchez. |
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| | | | | Selling
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| I make tshirts, home decorations, personalized shirts, pillows,etc I have clientele I will buy supplies from wholesale sites and sell on facebook Etsy and at different vendor shows I am a seamstress and I want to open a Boutique online. Want to buy Clothes, shoes and jewelry from wholesalers. Right now I will be working Out if my home / online
I sell goods online that I purchase through wholesale.
A: Hi John, to sell goods online that you purchase through wholesale. requires a seller's license To Buy And Sell Wholesale Items. You can get the seller's permit here. You also need other licensing. We recommend that you form an LLC
here for your fictitious business name "Super Merk" and you get an operating agreement as well for free. You also need the seller's license to buy the retail merchandise wholesale and sell it retail as well as an EIN for your LLC
selling merchandise business. Note that hiring employees to help you sell retail requires that you obtain a state EIN and a federal EIN as well. |
| Business Licensing Information. All Selling businesses need a Business License
. If you sell any merchandise, you may want to obtain a resale ID first. Then all 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 Selling 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 corporation or Selling limited liability company. |
You can choose to be a(n) Selling :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Flint 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) Selling business doing business under an assumed business name in
Genesee 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)
Selling
business and you give it a trade name such as "Excellence
Selling
& Associates". You will need to register an assumed business name certificate.
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In addition note that in
MI
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 MI Federal Tax Id Number ($29) and a(n) MI State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Flint, Incorporate in MI or form a(n) MI 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 Other llc or incorporate (about $49 plus state fees for most states) your Selling 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 Flint business name.
Instead of just registering your Genesee County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in
MI or form an MI 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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