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| Starting a(n) Amazon store Business Licenses & Tax IDs |
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Hi, I'm Daniel 37129
It is an online shopping business reselling materials online like amazon.
I am selling retail I am not doing wholesale selling but retail means like amazon.
Do i need to get business permit or resellers permit to sell to any state in usa from online business as shopping what is required.
C..., Daniel. |
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It is an online shopping business reselling materials online like amazon.
I am selling retail I am not doing wholesale selling but retail means like amazon.
Do i need to get business permit or resellers permit to sell to any state in usa from online business as shopping what is required.
Can I use the seller's permit to buy wholesale online?
A: In 37129, ALL businesses, Amazon store small, online, home or mobile businesses need ALL licensing as described here... Please read carefully. Reselling materials online like amazon in Murfreesboro TN whether you sell globally or at amazon or at shopify, you need licensing.
Here is what you need and how to Form LLC
clothing store LLC
. You can sell on amazon and by all means, you can sell anything you want and you can form an LLC
for your amazon store.
An LLC
filing costs less than $200 and tt will protect your personal assets and the business assets. For example, if anyone sues you personally for any clothing store LLC
company wrongs ( e.g., someone slips and falls in your store) you will be protected because the LLC
is a separate business entity.
You also need a business license, an EIN and a sales tax ID A.K.A. a seller's permit, which you can use to buy wholesale because Amazon store materials requires one to buy the items wholesale and sell them retail.
At any rate, your fictitious business name "Shop till you drop," has to be registered with a DBA, LLC
or Corporation. An LLC
registers the business name as well as protects you from liability.
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1. SELECT LLC, DBA, CORP
From sole propr., TN LLC, TN partneship or TN Corp.: Each requires an entity certificate filing.
2. TAX IDs - PERMITS
All
Internet Business
businesses/entities need a business license and an EIN.
3.
TN STATE SALES TAX ID.
Selling/Buying wholesale or retail
requires a TN seller's permit.
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You can choose to be a(n) :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Murfreesboro 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) business using a fictitious business name in
Rutherford County
i.e. you are a business that uses a DBA doing business as trade name to trade that is other than the full legal (first and last -- full name) name of a sole proprietor or a name other than the LLC or Corporation business name need a(n)
fictitious business name.
For instance you open a(n)
business and you name it "Superior
Group". You will need to file a fictitious business name for that name.
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In
TN
you need a resale ID ( AKA seller's permit) if you selling touchable items.
(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 TN Federal Tax Id Number ($29) and a(n) TN State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Murfreesboro, Incorporate in TN or form a(n) TN LLC .
Filing a DBA is not required if you will set up an LLC or form a Corporation.
If you will do business under your first and last legal name you will not need to get a fictitious business 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 llc or incorporate (about $49 plus state fees for most states) your business instead of just filing a fictitious business name (dba),
it will help you avoid personal liability from wrongs arising from your business dealings and you will not have to file the Murfreesboro business name.
In lieu of recording a Rutherford County trade company name (our filing service fee includes trade name registration and newspaper legal publication for 4 weeks) you can also form a corporation in
TN or form an TN LLC (starts @ $49 plus state fee for most states & includes bylaws for the corporation and Limited Liability operating agreement for the LLC that is required to open a business bank account). .
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