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| Starting a(n) web hosting Business Licenses & Tax IDs |
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Hi, I'm Athens
🖥️ What does it take to legally open a web hosting company in Accord, NY?
The owner wrote: “I am going to sell online packages in Greece, Athens. I just want to register a company online. It is about web hosting and web design in the future.”
The Hosting Dream sounds like a promising venture...., . |
Hi, I'm Justin Boggs The Hosting Experience LLC
🖥️ What does it take to legally open a web hosting company in Panama City, FL?
Justin wrote: “I do web hosting and reseller services for domain names.”
Hi Justin, The Hosting Experience is an exciting name to see on a new business in Panama City. Small businesses crave a real person who answe..., Justin Boggs. |
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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 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.
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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.
Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number.
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 .
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.
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 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 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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