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Starting a(n) Business Licenses & Tax IDs

Hi, I'm 95204 Appliance Store Here's a detailed response to your query about opening an appliance store, with industry numbers, humor, capital requirements, and the necessary licenses and registrations: Industry Overview and Market Potential The appliance store industry is a sizzling market, with annual revenues reaching a ..., .

Hi, I'm 93277 Appliance Store

FAQs - More...

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I buy pallets of liquidated merchandise from wholesale merchandisers and resale the items to the public on facebook marketplace. I will ship items but as of now only have local customers. I do pickups at my house. I want an LLC formation.

   Answer: Hi, Sierra , Permits to Buy Wholesale And Resale It On Fb Marketplace and  getting a business license for Liquidation Store are available here online.

Fees: the fees are $49 for most states, and yes, you need a business license.

In fact, here is what Licensing you Need  in Somerset.

First you need the LLC certificate.  Also, you can get your Resale License  here online.

  Regardless of merchandise,  licensing for you business require that you get a wholesale license AKA seller's permit and getting a business license because all businesses need these 2 filings plus more depending on your specific situation.

WHAT IS A Wholesale or Resale Permit?

An Wholesale License is not for your type of wholesale only- it is the same as a seller's permit. If you are a home business, some jurisdictions require to get both a seller's permit and a business license.

The business license exists because the government wants to make sure you comply with business rules. For example, health practices etc.

On the other hand, a seller's permit is for businesses that want to buy or sell wholesale or sell resale.

In your case, buying 10 items at $10 each wholesale saves you $8 because @ 8% sales tax, that is how much you save. Nevertheless, you still need to collect the 8% when selling the items.

     In addition, because you are using an assumed business name, also called a DBA (doing business as name) namely, "S N M Stuff N Such," is required to be registered with a DBA doing business as certificate, an LLC or a corporation.

Do you need a license if you are selling things online ? E commerce So for selling clothes online you need a "sellers permit " yes I'll be running the business from home I'm not ready yet, I'm just getting all the info first.

Well I heard if u make so much a year baking from home u don't have to be licensed. No I can go through the agricultural dept and ask I want to find a place to find vegetalbes near cape canaveral, but not in a grocery store.

Hi my name isbvickie and I want to no what I need to sell candy and ect from my home do I need one if I am talking about products and signing people up.

Registering Your Own Small New Store Business

  Most stores sell merchandise so the first thing is to get a sellers permit to buy merchandise wholesale and sell it retail.

  Aside from that, you then need to select your business structure: Sole Proprietor, Partnership, LLC or Corporation.

  The above step is important business all  Store  documents will be filed under the type of business organizational structure.

  Of course, you can have a brick and mortar, road side, mobile or online store.  All of these require the same licensing not because of the type of location but because there  are all businesses.

  After that, you will need to obtain a business permit.

  This is a general business permit that all new businesses must obtain.

  More than 31% of the GNP, though, less than $5,000,000.00 is generated through retail sales business.

  Though less than 2 million retail businesses, there is about 1.6 ml retail stores not including online retail.   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, 99% of all stores require a sellers permit 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 "ABC Discount Store," 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.

## Appliance Emporium: Launching Your Appliance Adventure!

The appliance industry is a powerhouse, with a projected value of $4 trillion by 2025 [insert source about the size of the appliance industry]! Do you dream of becoming the go-to guru for refrigerators, ovens, and washing machines? Let's untangle the legalities to ensure your appliance store becomes a well-oiled machine!

Licensing Labyrinth: More Like a Permit Pathway to Profits!

Equipping homes with shiny new appliances might require a few permits to keep things humming smoothly. Here's a breakdown:

General Business License:** Most areas require this to operate under your chosen name. This is your official stamp of approval to open the doors to your appliance haven.

Seller's Permit:**  You'll likely need a permit to collect sales tax on your appliances.  Think of it as a contribution to the local tax pot (to fund things that keep your business running smoothly, like roads!).

Specific Appliance Permits (Optional):**  Depending on your location, some regulations might apply to selling certain appliances, like electronics recycling programs or hauling away old appliances. Research specific requirements in your area.

**Remember:** Don't be afraid to consult a local business advisor or appliance industry association to ensure you have all the necessary permits for your appliance extravaganza.
EIN: Your Taxpaying Tax-Deductible Title
An Employer Identification Number (EIN) is essentially a social security number for your business. While not mandatory for all sole proprietorships, it's a wise move for your appliance store. Here's why:

Separate Bank Account:**  An EIN simplifies opening a dedicated bank account to track income from your appliance sales. Keeps your business finances separate from your personal piggy bank for dishwashers (or other fun purchases!).

Professional Image:**  An EIN projects a professional image and can be helpful when establishing credit for your business or ordering appliances in bulk. It shows you're a responsible business owner who's here to stay (and not a fly-by-night appliance seller!).

Future Growth:**  If you plan on hiring a team of appliance specialists (to help customers choose the perfect washing machine!), you'll need an EIN to report payroll taxes.
**Remember:**  Obtaining an EIN is generally a free and relatively simple process.
Business Structure Bonanza: Choosing Your Appliance Aisle (Business Structure)
Now, let's talk about the oh-so-important business structure! This decision impacts your legal liability, taxes, and paperwork. Here are the main contenders:

Sole Proprietorship:**  The simplest setup, but you're personally liable for business debts. Ideal for starting small with a manageable appliance inventory.

Limited Liability Company (LLC):  Offers personal liability protection, a wise move as your business grows or if you hire employees. A good balance between ease of setup and security.
**Choosing wisely?** Consider your business goals, the potential for growth, and your risk tolerance.
Cash Considerations: Counting Your Coins (and Maybe Appliance Parts!)
So, how much moolah do you need to get your appliance store off the ground? Here's a ballpark estimate:

Startup Capital:**  $50,000 to $100,000 is a reasonable starting point. This covers essential equipment (showroom space, inventory of appliances, delivery vehicles),  marketing materials (eye-catching flyers, website showcasing your products),  insurance (to protect your business from unexpected events), and business license fees (if applicable).

Ongoing Costs:** Factor in  replenishing appliance inventory,  warehouse or storage space rental,  employee salaries (if applicable),  delivery and installation costs (if offered as a service), and  advertising expenses (to keep customers knowing you're the appliance guru in town!).
Remember, these are estimates. The actual cost will vary based on the size and location of your store, the type of appliances you sell, and the number of employees you hire (if applicable).
Good Luck, Appliance Ace!
With a clear understanding of legalities, a chosen business structure, a showroom stocked with fantastic appliances, and a commitment to exceptional customer service, your appliance store is poised to become a household name! Remember to prioritize competitive pricing, knowledgeable salespeople, and reliable delivery and installation services (if offered). May your

You can choose to be a(n) Appliance Store :

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

✔ Biz License

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

✔ DBA Biz Name

A(n) Appliance Store business using a DBA Doing Business As Trade Name in Tulare County , i.e., starting businesses using a company name other than the legal (given name) owner's name, need a(n) DBA Doing Business As Trade Name Registration. For example, you start a(n) Appliance Store business and you call it "Ultra Appliance Store Co". You will need to file a trade firm name for it.

✔ Seller Permit

Also, keep in mind that in CA though, a business license and a DBA is necessary for most businesses but if your business sells any taxable items, you will need a sales tax ID number. (A.K.A state id, wholesale, resale, reseller certificate, about $39 for most states).
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

If you are thinking of hiring help, you will need a state employer ID and an IRS number employer ID. I.e., a CA Federal Tax Id Number ($29) and a(n) CA 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 Visalia, Incorporate in CA or form a(n) CA LLC .

If you will set up a corporation or form an LLC, you will not have to file a DBA (Doing Business As) unless your corproration or LLC name will be different that the busienss name you will trade under. Businesses that use the full legal name of the owner as a business name do not need to register an assumed business name. So, for example, your name is "John X Doe" and you use that as a business name.

✔ Incorporation

If you do form an Services llc or incorporate (about $49 plus state fees for most states) your Appliance Store business instead of just filing a fictitious business name (dba), it will help you avoid legal and financial personal liability arising out of business transactions and you will not have to register the Visalia business name. Instead of filing a Tulare County fictitious business name (our service fee includes dba business name filing and legal paper publication) you can elect to incorporate in CA or form an CA LLC (starts @ $49 plus state fee for most states & includes bylaws and LLC operating agreement)..