This is about a fashion designer making clothing  at home.

This similarity in mind, why is an LLC superior? Because where all shareholders of a Corporation have both voting and profit sharing rights, shareholders in an LLC can be selectively given both, or one or the other. Additionally, an LLC is not required to hold the recorded annual meeting that a Corporation is required to hold.

A federal tax ID iis an ID number issued by the IRS to distinguish the business from the owners so as to establish clear lines for tax filings.

A business tax registration is a local registration not only establishing the legality of your business operations, but registering your business for all pertinent local taxes and inspections.

A sellers permits enables you to properly charge and record sales tax, opening an account with the state revenue board for this purpose. It also allows you to purchase tax free from wholesellers.

I  sell as a wholesaler to stores and retail online from my own website. I don't have any employees and my business location is in Aventura, FL. I would like to know what is an llc vs corporation and if I need any business license and if a LLC or Corporation S will fit better for me?

Based on the size of your described business, and your intended business activity remains the same, for the moment, it will be more advantageous for you to file for an LLC.

In Florida, an LLC is filed under the laws described in Title 36, Chapter 608. As defined, the filing of an LLC creates a distinct legal entity, seperate from the filing individual, giving the shareholders full legal, financial and tax liability protection.

On the other hand, Corporations are filed under the laws described in Title 36, Chapter 607. As defined, the filing of a Corporation creates a distinct legal entity, seperate from the filing individual, giving the shareholders full legal, financial and tax liability protection.

03 - Since you are selling designer clothes, here are the licenses and tax ids you are legally required to obtain before starting designer operations:

1. A business tax registration license

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.

4. A seller's permit.

All these filings and more can be obtained online at www.businessnameusa.com

Simply fill out our online questionaire, complete our business information form in full, leaving only empty only those fields to which you do not possess the answers, then complete our payment form and we will begin processing your order imediately.

www.businessnameusa.com

P.O. Box 14927

Long Beach, CA. 90853

310-455-6675

An LLC is not only more flexible than a corporation, it allows one to ignore clouds of corporate formalities. It is ideal for a small business. However, the larger a business gets, the more and more it will need the records and structure a corporation provides and requires, and so eventually, it becomes essential transform from an LLC to a Corporation.

A federal tax ID is an essential part of runninjg and LLC, as it is the key to filing tax forms and returns in the name of the business. It is also the only way to avoid a wide range of IRS fines and penalties.

A local business registration is the only way to ensure the legal operation of your business on a local level, and to avoid misdemeanor charges and fines.

Failure to obtain a sellers permit leaves one vulnerable to fines from the state revenue board in the amount equal to the total sales tax that your business should have charged, an amount extremely difficult to determine, much less pay after the fact.

The total cost of all these permits together comes to $499.97