Best SLW Farms Co. Business permits and Tax ID number Requirements
Van John Doesen
10/12/2016 5:01 PM
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 is a Trade Name a Business Name?;
In essense, yes. So for instance if your name is "John Doe," and you do business as "Super Widgets Company," you are using a trade name that is the name of your business..
So what is an Assumed Business Name?;
An assumed business name is the name a business uses to do business. For example, Microsoft uses "Microsoft," as its business name.
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.
Required Registrations for Farm.
|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.
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.
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.
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.
Some businesses located outside the city limits may not need a city business permit but a county one but all other requirements such as a seller's permit if selling merchandise apply.
Controversially dangerous substances or materials or activity takes place at business place requires a county security clearance:
|I am a home based business. Do I need licensing?
Physical location business.
My business is located outside the city limits.
Hazardous materials or activity takes place at business place:
Note that all home based business are subject to the same licensing requirement as any business.
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