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Starting a(n) Business Licenses & Tax IDs
Hi, I'm Elsa M Nieto Hernandez DO I Need Sellers Permit To Sell Online Home Busi purses and accesories

FAQs - More...
I am starting my own business from home and online. I currently sell to family, friends, co-workers and their family and friends. I am looking to sell in flee markets and I am hopping to soon open up my own store.
, Elsa M Nieto Hernandez.
Hi, I'm   Sophisticates LLC Purses and accesories
FAQs - More...
Set up an LLC here for $50 plus state fees. It is a preferable ownership structure because of its flexibility in % in ownership and corporate formalities, i.e., there are no corporate minutes to hold unless you treat the LLC as a "C" corporation.
All LLCs, including thos...,  .
 
     

You can choose to be a(n) purses and accesories :

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



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



A(n) purses and accesories business using a fictitious business name in Hall County i.e. you are a business with a trade name other than the owner's legal (full name) name are required to get a(n) fictitious business name. ย  For instance you open a(n) purses and accesories business and you name it "Superior purses and accesories Group". You will need to file a fictitious business name for that name.

In addition note that in NE you may also need a seller's permit if you sell merchandise that is taxable. ย (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.


In addition you will need a federal and a state EIN if you will hire employees. I.e., a NE Federal Tax Id Number ($29) ย and a(n) NE ย State Employer Tax Numberย ย 


Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in Grand Island,ย Incorporate in NE ย orย form a(n) NE LLC
.ย 

You have a choice to file a DBA or form an LLC or incorporate. There is a cicrcumstance that you may not need to register a trade name and that is when you use your full name as a business name if you use your full legal name as a trade name.
Also note that even using your first and last name may not help you avoid filing a DBA if the name has a suffix such as "& sons" etc.



If you do form an Retail Trade llc or incorporate (about $49 plus state fees for most states) your purses and accesories business instead of just filing a fictitious business name (dba), that insurs that you don't have personal liability for debts and civile liabililty arising from your business dealings and you will not have to record the Grand Island business name. Instead of just registering your Hall County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in NE or form an NE LLC (starts @ $49 plus state fee for most states & includes required documents such as bylaws for the corporation and Limited Liability operating agreement for the LLC). .
 



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