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| Starting a(n) resource Business Licenses & Tax IDs |
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Hi, I'm jamacia queens
Queens county LLC in New York, is a NY LLC and you can set it up here on this site online.
Small reselling online. Need sellers permit or business permit in order to buy at wholesale prices for me to resell. Minimum. I live in Tennessee Will this seller's permit work for online selling? I liv..., . |
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| Small reselling online. Need sellers permit or business permit in order to buy at wholesale prices for me to resell. Minimum. I live in Tennessee Will this sellers permit work for online reselling? I live in NV I live in HArrisburg PA and want to have an online business reselling goods. Do I need any permits? I have an LLC
established already. I am looking into buying wholesale and reselling. I am working on researching what licenses I need for that. |
1. SELECT LLC, DBA, CORP
From sole propr., Yonkers LLC, NY partneship or NY Corp.: Each requires an entity certificate filing.
2. TAX IDs - PERMITS
All
Internet Business
businesses/entities need a business license and an EIN.
3.
Yonkers STATE SALES TAX ID.
Selling/Buying wholesale or retail
requires a Yonkers 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.
Accord 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 doing business under an assumed business name in
Ulster County
i.e. you are a business with a trade name other than the owner's legal (full name) name are required to get 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.
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In
Yonkers
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 Yonkers Federal Tax Id Number ($29) and a(n) Yonkers State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Accord, Incorporate in Yonkers or form a(n) Yonkers LLC .
You have a choice to file a DBA or form an LLC or incorporate.
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 Accord business name.
In lieu of recording a Ulster 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
Yonkers or form an Yonkers LLC (starts @ $49 plus state fee for most states & includes required documents such as bylaws for the corporation and Limited Liability operating agreement for the LLC). .
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