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SC Sales License |
7/1/2009 12:00 AM
| I want to sell arts and crafts type jewelry that I make at home. |
| The function of these registrations is basically the same throughout. To register you with the pertinent legal entity for tax purposes and enable you to remain current with your taxes. Now the level at which this purpose is served varies depending on which filing we are discussing, so let us examine a cross section: 1. Sellers Permit- State Level. 2. DBA- County Level. 3. Business License- City Level. |
| I won't be selling online, and probably will not do craft shows. I plan to sell to people I know and by word of mouth. This is a hobby more than anything, and I doubt I will sell as much as $2,000.00 in a year. I will have no employees. I would like to buy beads wholesale and I want to be able to pay taxes on my sales.Due to the nature of your craft jewelry sales, small business structure, and desire to do business, you will need three different permits for certain, and depending on how you choose to proceed in the future, two possible future licenses. 1. You will for certain need a Doing Business As permit, which will allow you as an individual to create a fictional identity for your business to open a bank account for, for people to cut checks to, and for you to pay taxes for. 2. The next step of what you will definitely need will be what is most commonly called a Sellers Permit. This registration with the state will allow you to purchase product from wholesalers tax free and sell to customers with sales tax included all with the the states assistance and registration. 3. The last piece of your essential permits is your Business License. This license is a registration of your named and tax registered business so that you can be sure it is operating legally. This registration is often accompanied by a Home Occupancy Permit for home business such as yours. |
| 03 - Since you are selling jewelry, here are the licenses and tax ids you are legally required to obtain before starting jewelers operations:1. A business tax registration license 2. A DBA assumed business name 3. A federal tax id number also is required in most state for those that they get a seller's permit, and if you are a partnership or you want to use it instead of you social security number to open a bank account. Also, note that forming an llc or incorporating eliminates the requirement of getting a dba. It is a good idea to form an llc to avoid personal liability from business transactions. Since you are dealing in jewelry, you will need 4. A seller's permit. |
| Simply go online to www.businessnameusa.com Answer our online questionaire to determine your needs, and fill in our business information form as thouroughly as possible to ensure the swift processing of your order once you have completed all the steps of our payment system. |
| www.businessnameusa.com P.O. Box 14927 Long Beach, CA. 90853 310-455-6657 |
| Now these 3 pieces of paperwork will takecare of your needs should you remain within the boundaries of your stated intentions, but there are three possible extraneous pieces of paperwork you might need should your business change or grow.
4. Should you decide to employ anyone, you will need to secure a State Employee Identification Number and Federal Employee Identification Number to secure and arrange your witholding accounts with the state and federal governments. You will also need thesenumbers should you decide to forma partnership.
5. Should you decide to form a corporation or an LLC, it will be essential to not only file for all of the previous paperwork, but to also imediately file for the formation of said corporation or LLC. This process is involved and complicated, requiring bylaws and the designation of officers and should not be undertaken lightly. |
| Simply go to this address to determine your prices on a state by state basis: http://www.businessnameusa.com/services/fees.htm |
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