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Stating An Ebay Online Business Licenses | |
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Stating An Ebay Online Business Licenses |
9/14/2009 12:00 AM
| I am going to be working full time at home. I will be selling online, at ebay and eventially my own website. I will be buying wholesale pruducts and then selling them at a profit on line. I will have an office in my home for my business exclusively. My home will be my place of business and the business will be buying wholesale products and selling them online mostly. I may also sell out of my home also, at fairs,flee markets. |
| | | 03 - Your business is subject to sales tax reporting because it is selling touchable objects that are required to be reported to the state and that requires a resale id to do so. For this reason, here are the licenses and tax ids you are legally required to obtain before starting business operations: 1. A business tax registration license. (Form an LLC Limited Liability Company to protect Your Home and Car) 2. Fictitious Business Name, 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 taxable items, you will need 4. A seller's permit. |
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