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| Starting a(n) Hair Extensions Business Licenses & Tax IDs |
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Hi, I'm April Little Rock
Hair Extensions
| I will be Selling
Nationwide from online sales but will be working from home. I will be buying products from overseas. |
, April. |
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| | | | Hair Extensions Licenses | |
| Starting a Beauty Salon Business
Beauty salons need at least a DBA, incorporation or LLC
, a sellers permit to buy materials wholesale and sell retail and a business license. If you will hire employees, you will need a federal and state employer number as well.
A beauty salon is a commercial establishment that offers guests treatments for beauty, conservation and health of the skin. The purpose of a beauty salon is to promote a healthy image for their clients.
Beauty salons must be attended and led by experts who are called hair stylists or cosmetologists.
Also at the beauty salon, people can sell many products or treatments. When we say products we are talking about, shampoos, conditioners and other hair and skin products. The services to the hair are: arranging, dressing, curling, waving, chemical waving, relaxing, or dyeing the hair or applying hair tonics, etc.
There are also treatments for the face, neck, arms, or upper part of the human body, by use of cosmetic preparations, antiseptics, tonics, lotions,
or creams.
I think a beauty salon is one of the best businesses in America because vanity is the number one concern of the entire women population. All of us want to look good like dolls.
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You can choose to be a(n) Hair Extensions :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Little Rock 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) Hair Extensions business using a fictitious business name in
Pulaski 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)
fictitious business name.
For instance you open a(n)
Hair Extensions
business and you name it "Superior
Hair Extensions
Group". You will need to file a fictitious business name for that name.
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In addition note that in
AR
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 AR Federal Tax Id Number ($29) and a(n) AR State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Little Rock, Incorporate in AR or form a(n) AR 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 Hair Extensions 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 Little Rock business name.
Instead of just registering your Pulaski County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in
AR or form an AR 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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