BestWelch Construction Co. Business permits and Tax ID number Requirements
Van Kensen
12/27/2014 9:09 PM
| I am a small construction contractor doing custom residential remodelling & construction. |
Woodbury County
Sioux City
Construction Contractor
Sioux City,
51106
1
Registering Your Own Small New Business
First, select your business structure: Sole Proprietor, Partnership, LLC or Corporation.
The above step is important business all documents will be filed under the type of business organizational structure. After that, you will need to obtain a business permit.
This is a general business permit that all new businesses must obtain.
Note that in the majority of the cases you do not need to obtain a business permit that is specifically for your type of business. You only need a general business permit.
In addition, all businesses must be identified by a business tax ID called a federal tax ID number or Employer Identification Number (EIN). If you file as a sole proprietor, you can use your social security number instead of the federal ID.
Then, a seller's permit is required if you sell merchandise wholesale or retail.
The sellers permit is also called state ID, wholesale ID, resale ID, or re-seller license.
If you are an employer, you will need a federal employer Number and a State Employer Number.
If you do business as a name other than your full legal name, for example, you do business as "Cimrofost," you will need to file a doing business as (DBA) filing.
Finally, you have the option or incorporating or forming an LLC. Setting up as one of these corporate entities allows you not to file a DBA. |
I am a sole owner using "Ultra Company," as my company name. Do I need to register a Trade Name?;
Yes, you need to file a Trade Business Name.
Does the registration of a trade name requires a government fee to be filed? ;
There is normally a government fee ranging from $5 to $300 per trade name registration depending on your state.
Is your fee and government fee included in the trade name registration price?;
Yes, all fees are included in our service price.
Does filing an LLC or corporation eliminates the need to file a trade name? ;
Unless you use a trade name other than the llc name you do not need to file a trade name.
Do banks require a trade name in order to open a business bank account?;
Yes, you will need either a trade name certificate or a corporate certificate to open a business bank account.
How long does it take to obtain a trade name registration? ;
It can take 4-8 business days.
Why do I need a DBA Trade Name Registration?.
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ASK A QUESTION OR COMMENT BELOW
You need a trade name certificate because the public needs to know who does a business under the trade name.
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