How Can I Do This To Be Legal
Best XYZ Co. Business permits and Tax ID number Requirements
Van Anna Kiplingersen
2/1/2017 10:56 PM
|I sell t shirts in olivehurst ca|
How Can I Do This To Be Legal
I wonder.. is a Trade Name, a Fictitious Name and an Assumed Business Name all the same?;
Yes, a trade, assumed and fictitious name are all the same also called a DBA "doing business as" name..
So what is a Trade Name? ;
A trade name is the name a business operates under. IBM operates under IBM - for example.
What is the difference between Trade Name - Fictitious Name - DBA - and Assumed Business Name? ;
There are all the registration of the business name .
|REQUIRED LICENSES |
Whether an online, home, store, concession stand or a mobile cart, you will need to first select among sole owner/proprietor, partnership, LLC or corporation, all of which also require a General Business License (not a specific license to your type of business) as well. If your trade name is a business name other than your full personal legal name, you will need to file a DBA . For instance, your name is John Doe, and you do business as Best Widgets By John, the name must be registered with a DBA Biz Name because it is not your full legal name. Also, note that whatever item that you sell or lease and it is an item that can be touched (i.e., tangible such as equipment, toys, merchandise, electronics, prepared food) requires a state sales tax ID ( Sellers Permit ) to either buy or sell the items or products wholesale and or sell them retail. If you are hiring workers anytime soon, you will need a Federal EIN and a State EIN (employer identification number). Other instances that you will need a federal tax ID are: if you are a partnership, an independent contractor, and a corporation or an LLC . You can also obtain a federal tax ID as a sole proprietor and use it as a business tax ID in the place of a social security number. However, you will still need other registrations, such as licenses, an assumed business name DBA, and tax IDs as described above. Finally, even one person, sole owner/proprietors working from home or just online can form a LLC or incorporate, in which case, they will not need to file a DBA.
Required Registrations for Clothing.
|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.
How do I know who is required to file a trade name? ;
In general if a trade name is used it must be registered.
Can I file a trade name in a state other than then state my business is located?;
In most states that you have no location or presence, you cannot file a DBA except perhaps a few states such as California.
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.
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.
|Even though you are a home business you still need all permits and tax ID numberss like any other businesss.
Online business operated from home need to obtain a home occupation business permit and a fictitious business name if a DBA fictitious name is used to conduct businesss.
Merchandise is stored at home business location so it it is an insignificant amount it is ok but a lot of merchandise may need a storage location for a home business permit to be issued:
Yes in a closet
|I am a home based business. Do I need licensing?
Do internet businesses operated from home need to obtain permits and tax IDs? .
Physical location business.
Merchandise is stored at home business location:
Yes in a closet
Note that all home based business are subject to the same licensing requirement as any business. Online businesses operated from home need a business permit and all other licensing as any other business.
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