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How To Get Wholesale Licenses Houston, Texas | |
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How To Get Wholesale Licenses Houston, Texas |
8/20/2009 12:00 AM
| I want to design and sell t-shirts on line and out of my house. I would also like to sell supplements on line or be the wholesaler for other supplement online companies/local. How do I get this all started? |
| 1. Your Sellers Permit is what you identify as your wholesale license. It is the first key component of your business. with it, you will be able to purchase whole sale and charge sales tax. This one two punch combination is an essential purchasing and tax dues combo ensuring your ability to stay in business. 2. Next is the Business License. In Texas this takes the form of a business property assessment for filed with the county. The importance of this form can not be understated. Failure to file it will leave you un-registered with the county, and thus unable to keep current with your taxes. 3. Your final pieces of taxes is your Home Occupation Permit. The simple truth is that for the business you describe, you will most likely be unable to obtain one. A business involving the production process in any way in the home is usually forbidden by most cities. That said, it can't hurt to check. |
| Your business presents three legal matters of significance right off the bat that should be addressed before we approach anything else. They are:
1. Sellers Permit.
2. Business License.
3. Home Occupation Permit. |
| ANSWER: _ 3_ The merchandise you are dealing in is subject to sales tax... therefore, here's what you need to get: First, you need to register your business. The registration involves your business tax, i.e., business gross income tax, personal property tax belonging to the business must be taxed usually at a flat tax rate. Second, your use of a trade name requires the registration of it by filing a fictitious business name: How to register for trade name. you also need a resale / wholesale id because you are dealing in the sale of merchandise that is taxable to the consumers that use the products you are involved in selling or dealing in. However, note that you can get and use a federal tax id number if you get a seller's permit in MI or IL, and if you got any partners or you want to use and IRS federal number instead of you social security number, you can do so to open a bank account. In the final note, consider forming an llc or incorporating because it does away witth the requirement of getting a fictitious name registration, unless, of course, your trade name is different from the llc or corporate name... and remember, you cannot be in business as long as you don't have any customers to buy your services or products. So, know who your customers are and get them any way you can. |
| Simply go online to www.businessnameusa.com Answer our online questionaire to detemrine your needs, fill out our business information form completely to provide us with the necessary information to process your oder which we will begin processing imediately once you have completed our payment information form. |
| www.businessnameusa.com P.O. Box 14927 Long Beach CA, 90853 310-455-6675 |
| 1. Without your Sellers Permit, you will, for example,. be unable to chearge or pay sales tax, purchase at whole sale prices and thus save money, and be fined for the amount of money you owe in sales taxes, money you likely no longer have. As such, It is best to get a Sellers Permit. 2. Failing to get a business license results a fairly deterministic chain of events. Police closure of your business, followed by misdemeanor charges. Next come fines, then a tax audit. Then tax penalties on your fine payments, then an assessement and final fine and penalty based on your assessed business value that you cannot appeal. 3. Without your Home Occupation Permit, the situation confronting you as a home and busines sowner is not limited to fines and audits. Push the the issues far enough, or at all depending on your city, and you could be facing the condemning of your home for the improper use of the property. Not a risk worth taking. |
| You can determine your prices with ease. Keep in mind we have recently cut our already highly competiteve prices |
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