Starting a(n) Real Estate Investing Business Licenses & Tax IDs

Hi, I'm set up LLC in Maricopa county Do I Need A Business License ? Recent changes in Arizona LLC law. LLC Name These changes are provided in LLC of the AZ revised Statutes, Sec. 29-3101 and the restructuring act. New AZ law for LLCs added and changed the LLC law to additional default LLC provisions. For example, some changes are made ..., .

Hi, I'm non pro rata Real Estate Investing

You can file the llc here at free-llc.com That link your bank manager sent you. We can set up an Illinois LLC for free at free-llc.com. However, note that it so happens in IL that the state charges a $500 to $600 state registration fee. Other states, such as California charg..., .

Real Estate Investing

Q: I buy properties wholesale and sell to investors. This may happen in all 50 states.I will sell properties from my home office in Oklahoma.. How much does a LLC cost? Real Estate investing investor setting up a LLC for free . The manager for the bank sent me a link for free LLC sight, but the email disappeared, so I thought I would try online and found this www.free-LLC .com.
Can I file for free? Does the free LLC service includes an LLC operation agreement Finsuranc Reel Estado, LLC ?.
A: If you order 2 or more items, we can prepare a customized LLC operating agreement for you as well for free. Note that the LLC operation agreement is required when opening a bank account because it contains the ownership information. If you are not the owner, you cannot open an LLC bank account. Yes, you can file an LLC for free.

You can file the LLC here at free-LLC .com That link your bank manager sent you. We can set up an Illinois LLC for free at free-LLC .com. However, note that it so happens in IL that the state charges a $500 to $600 state registration fee. Other states, such as California charge a fee @ or less than $100 but Illinois is the most expensive in the U.S.
That is not included in our free LLC service. You need to pay the government fees. As the majority of Real Estate Investor businesses, 99.9%, you will need an occupational business license even if you obtain a free LLC filing or you incorporate. In addition, you may need a federal tax ID number, and if you sell any merchandise, you will need a resale tax ID number. Also note that all LLC s need an Real Estate Investor occupational business license.
Also, if the LLC has more than one member, or you will file a tax return for the LLC as a corporation as opposed as a disregarded entity, you will need a federal tax ID number for the LLC .Starting a Real Estate Investor business fist step is to choose the tax legal structure.
There are three major ones:
1. Sole proprietor,
2. Partnership, and
3. Corporation or Limited Liability Company.
All small, home or web based Real Estate Investor businesses as well as big businesses must choose and register as on of the above.
In addition, businesses must obtain a business tax registration occupational license receipt.
If selling any Real Estate Investor taxable items, a business must also get a reseller ID number to buy wholesale and sell retail.
Finally, if a business is an employer, it needs to get a federal EIN and a State EIN.

1. SELECT LLC, DBA, CORP

From sole propr., PA LLC, PA partneship or PA Corp.: Each requires an entity certificate filing.

2. TAX IDs - PERMITS

All Internet Business businesses/entities need a business license and an EIN.

3. PA STATE SALES TAX ID.

Selling/Buying wholesale or retail requires a PA seller's permit.

✔ Biz Structure

You can choose to be a(n) :

Sole Proprietor,
LLC,
Corporation or
Partnership.
After you decide and select your business entity, you need licensing.

✔ Biz License

Lancaster Business Tax Registration ( Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.

✔ DBA Biz Name

A(n) business doing business under an assumed business name in Lancaster 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) assumed business name certificate. E.g. you venture into a(n) business and you give it a trade name such as "Excellence & Associates". You will need to register an assumed business name certificate.

✔ Seller Permit

In PA 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

✔ Federal EIN

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.

✔ State EIN

Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number. I.e., a PA Federal Tax Id Number ($29) and a(n) PA State Employer Tax Number

✔ L L C

Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in Lancaster, Incorporate in PA or form a(n) PA 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.
Using any language that connotes additional owners in the name of the business makes filing a fictitious business name mandatory.

✔ Incorporation

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), that insurs that you don't have personal liability for debts and civile liabililty arising from your business dealings and you will not have to record the Lancaster business name. In lieu of recording a Lancaster 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 PA or form an PA 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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