Retal and Wholesale

Whether you start a Retail or wholesale business, you will need at least a wholesale license which can be used both to sell retail or wholesale. The difference is that you have to collect sales tax if you sell retail. Selecting the right Retal and Wholesale tax structure can be a difficult project when starting your own small new business. Most small business advisors will tell you that a C Corporation results in higher tax payments because of double taxation. The LLC (limited liability company) and S Corporation are the latest structures if you want to avoid double taxation because with an LLC, you are taxed like a sole proprietor or partnership.

There are about 25 to 30 million Retal and Wholesale businesses

and nline retail sales, last year, U.S. e-commerce sales amounted to $300 billion . The most online merchandise sold, was sold by retail shopping websites however, which earned 186.2 billion U.S. dollars in 2013.

All retail and wholesale businesses need at least a business license and a federal tax ID as well.

Online retail sales amounted to 300 billion U.S. dollars. The most online merchandise sold, was sold by retail shopping websites however, which earned 185.2 billion U.S. dollars last year.

BestUrban Breeze Co. Business permits and Tax ID number Requirements Van Destini & Mariahsen 11/19/2013 7:28 PM

1. Online business 2. Jewelry and Accessories 3. Online

How Do I Get Started With An Online Business

Knox County Knoxville Online Retailer Knoxville, 37914 3

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. 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. 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 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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You need a trade name certificate because the public needs to know who does a business under the trade name.