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Starting a(n) Business Licenses & Tax IDs
Hi, I'm Arena AUTOPARTS Auto Parts
88569 AUTOPARTS Arena NULL Ebay Store Auto Parts
, Arena.
Hi, I'm   Words Used Auto Parts

FAQs - More...
,  .
 

  Auto Parts Retail businesses need at least a resale permit or wholesale license AKA seller permit.


You also need a  Auto Parts business tax registration license and a an assumed business name if you have a  retail business name.  


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 if you hire retail employees, you will need an IRS EIN and a State EIN as well.


Even one person   Auto Parts retail business can set up a corporation or LLC.






   Auto Parts


  Selling  Auto Parts is a part of trade itself.

    

How It All Started

      Auto Parts Trade started thousands of years ago as barter because there was no money invented yet. Then with the money and credit system as well as the global access through modern means of transportation, trade became prevalent across societies and countries.  Trade of
Auto Parts exists because of specialization and the division of labor, skills and production. For example, a shoemaker only makes shoes but he buys  
Cell Phone   from the tailor or other retailer. What made trade explode was the Industrial Revolution that created new manufacturing processes from about 1760 to 1820 and 1840.



  Lately, the Internet, a revolutionary invention of 1965, has changed our world with thousands of networks typically interconnected by fiber optic cabling.



Where is the Trade of  Auto Parts Now

  There is nothing new about buying items wholesale at a low price and selling them at a higher price. This is being the case since thousands of years ago. Today, selling  Auto Parts has exploded because of the wide use of the internet as a media of getting access to buyers in venues such as personal websites, Amazon, eBay, Etsy, etc.



Where to Find  Auto Parts to Buy the Wholesale at a Low Price

  Thanks to the global explosion of trade, you can now buy your  Auto Parts wholesale from as far as China and South Korea, eBay, e-commerce websites, online classifieds, and online store. Likewise, you can buy the in the global market but you an also sell them at the same market. Of course, shipping is expensive but with a little creativity, you can figure out how to bulk the shipping so you can save in shipping costs.



The Right Move at The Right Time

  With changing players in the global  Auto Parts markets and jobs disappearing in the west lost to developing countries in the east, it is a very good idea to go alone and create your
Auto Parts selling whether wholesale or retail. It is not costly and, to the contrary, very lucrative.



  Even though you need less than $1,000 to start, you have unimaginable profit potential. For example, you can earn as much as $10,000 per month selling paraphernalia  Auto Parts online. You just need the correct marketing for your business.



Specialize to Conquer

  Of course, if you specialize in any  Auto Parts , you may find a niche and even make more money. The possibilities are countless and the potential unlimited. Finally, since it does not require large upfront investment, virtually no skills, you can quit anytime and still not lose much. So it looks good as an investment of time.  





   Where You Can Buy Them

  You can buy from U.S. or Global wholesalers, auction, ebay, amazon or anywhere you can find them cheap.
   

You can choose to be a(n) Auto Parts :

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



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



A(n) Auto Parts business using a DBA Doing Business As Trade Name in Union 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) Auto Parts business and you call it "Ultra Auto Parts Co". You will need to file a trade firm name for it.

Also, keep in mind that in NC 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



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.


If you are thinking of hiring help, you will need a state employer ID and an IRS number employer ID. I.e., a NC Federal Tax Id Number ($29)  and a(n) NC  State Employer Tax Number  


Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in Monroe, Incorporate in NC  or form a(n) NC 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.
 



If you do form an Ebay Store llc or incorporate (about $49 plus state fees for most states) your Auto Parts 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 Monroe business name. Instead of filing a Union County fictitious business name (our service fee includes dba business name filing and legal paper publication) you can elect to incorporate in NC or form an NC LLC (starts @ $49 plus state fee for most states & includes bylaws and LLC operating agreement)..
 



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