BestShrewd Co. Business permits and Tax ID number Requirements
Van Jeansen
9/7/2015 10:45 AM
| I will be selling clothes online and in stores |
New York City
Brooklyn
Online Clothing Sales
Brooklyn,
11208
I will not hire any contractors or employees.
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. |
What is a DBA? ;
A DBA stands for Doing Business As.
What is a Business Name Trade Name Certificate and how is it used?;
You can use a trade name certificate to create business stationary such as business cards and letter heads as well as open a bank account and protect the trade name to a certain extend.
How do I know who is required to file a trade name? ;
In general if a trade name is used it must be registered.
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 Non profits need to record a trade name? ;
Non profits are no exception to this rule.
Do a sole proprietor using his own full name as a trade name needs to reigster a trade name?;
Not if using just the name. However, where additional owners are implied such as "John Doe," and associates, you will need to file a trade name.
Why do I need a DBA Trade Name Registration?.
STILL NOT SURE WHAT YOU NEED?
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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