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Starting a(n) Business Licenses & Tax IDs

Hi, I'm Terrie Resale Shop To Sell Donated Items In Woodstock Il Resale Shop
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resale shop, sell donated items to the public from a store front. will work with the special needs program from the high school to have students with special needs intern in my store to learn job skills and posable employment at my store ..., Terrie.

Hi, I'm 53586 Resale Shop
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I have an LLC and I have registered to pay sales tax also I have an EIN what else do i need for my online store I thinking of starting a online retail dropshipping &and may stock a few products do I need a licence be selling mostly on e-bay..., .

Seller's Permit or Resale License

   If you want to buy any taxable merchandise such as jewelry or clothing at wholesale prices to make jewelry to re-sell, or to buy clothing and accessories to resell them, then you need state seller's permit or sales tax license also called a resale license.

States Require A Sellers Permit

   This is because most states require jewelry vendors to collect tax on sales made within that state as opposed to out of state.  For example, you are in California and you sell a piece of jewelry, e.g., a gold ring, to a New Yorker.  Since your business is located in CA, you do not need to charge taxes.

Selling in-state requires that you charge sales tax

   On the other hand, if you sell in California you need to charge sales tax on every retail sale that’s shipped to any address within California.   So if you are selling your jewelry,  get your sellers permit also called a resale license.   There is no other way to buy wholesale and re-sell retail.  The implication is that even if you sell just wholesale, you still need to get the resale license.   This is because in the end... the end user has to pay sales tax.  Hence the requirement to get a sellers permit as a wholesaler so the state can monitor sales between wholesalers and retailers ( taxable item sales that is ).

      Anytime you run into a state inspection, the state it will you to show proof that tax-exempt sales are indeed sold to vendors with a valid Seller’s Permit. Unless you had a valid resale license at the time of the sale, you will have to pay the taxes or penalties of the sales without a resale license. Things are that harsh.

      For instance, you are located in Texas, and you try to buy wholesale from Pennsylvania, despite that you will not sell in PA, you will need  a resale certificate to produce to the wholesaler to make sure your can re-sell the items purchased wholesale.

   We do test prep, mommy and me and it is also a party place. I am here- I want to do business in Orlando Fl- a team of 25 contracted employees selling pictures, books and shirts on the street.

I have an LLC and I have registered to pay sales tax also I have an EIN what else do i need for my online store
I thinking of starting a online retail dropshipping &and may stock a few products do I need a licence be selling mostly on e-bay

✔ Biz Structure

You can choose to be a(n) Resale Shop :

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

✔ Biz License

Shullsburg 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) Resale Shop business using a fictitious business name in Lafayette County i.e. you are a business that uses a DBA doing business as trade name to trade that is other than the full legal (first and last -- full name) name of a sole proprietor or a name other than the LLC or Corporation business name need a(n) fictitious business name. For instance you open a(n) Resale Shop business and you name it "Superior Resale Shop Group". You will need to file a fictitious business name for that name.

✔ Seller Permit

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

In addition you will need a federal and a state EIN if you will hire employees. I.e., a WI Federal Tax Id Number ($29) and a(n) WI 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 Shullsburg, Incorporate in WI or form a(n) WI LLC .

Filing a DBA is not required if you will set up an LLC or form a Corporation. 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.

✔ Incorporation

If you do form an Retail Trade llc or incorporate (about $49 plus state fees for most states) your Resale Shop business instead of just filing a fictitious business name (dba), it will help you avoid personal liability from wrongs arising from your business dealings and you will not have to file the Shullsburg business name. Instead of just registering your Lafayette County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in WI or form an WI LLC (starts @ $49 plus state fee for most states & includes bylaws for the corporation and Limited Liability operating agreement for the LLC that is required to open a business bank account). .

Free Seller's Permit