Starting a(n) Locating Business Licenses

Starting a(n) Locating Business Licenses & Tax IDs

Hi, I'm Do Business As Locating

I am a Real Estate Locator. I find property that cash buyers are interested in for a finders fee.

, .

Locating

✔ Biz Structure

You can choose to be a(n) Locating :

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

✔ Biz License

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

✔ DBA Biz Name

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

✔ Seller Permit

In Illinois Locating 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). You will need it if you sell or want to buy wholesale any Locating related items, such as food, materials, or merchandise.
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 IL Federal Tax Id Number ($29) and a(n) IL 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 Skokie, Incorporate in IL or form a(n) IL 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 Finance, Insurance, And Real Estate llc or incorporate (about $49 plus state fees for most states) your Locating 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 Skokie business name. In lieu of recording a Cook 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 Illinois or form an IL 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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Skokie 5/17/2012 6:02 PM .

Do Business As Locating

I am a Real Estate Locator. I find property that cash buyers are interested in for a finders fee.

Skokie, Illinois.

do business as

City of Skokie Locating license IL

Skokie , 60077 Locating Sample Business Plan # 4366

Mobile? View Locating do business as Mobile Version

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Not Sure? Take Quiz!


do business as City of Skokie Locating license IL Skokie , 60077 Locating Sample Business Plan # 4366 Mobile? View Locating do business as Mobile Version

> Get Started

> Learn More...