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Starting a(n) Business Licenses & Tax IDs

Hi, I'm Puyallup Second Hand Store

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Hi, I'm dante Set Up Llc Milwaukee Wi Second Hand Store
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..., dante.

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.

retail store selling to the public use and new clothes in store front and online i will buy new and used good wholesale in milwaukee wi

✔ Biz Structure

You can choose to be a(n) Second Hand Store :

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

✔ Biz License

Woodward 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) Second Hand Store business using a fictitious business name in Woodward 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) Second Hand Store business and you name it "Superior Second Hand Store Group". You will need to file a fictitious business name for that name.

✔ Seller Permit

In OK you need a resale ID ( AKA seller's permit) if you selling touchable items. (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 OK Federal Tax Id Number ($29) and a(n) OK 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 Woodward, Incorporate in OK or form a(n) OK LLC .

Filing a DBA is not required if you will set up an LLC or form a Corporation. If you will do business under your first and last legal name you will not need to get a fictitious business 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 --PLEASE_SELECT-- llc or incorporate (about $49 plus state fees for most states) your Second Hand Store 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 Woodward business name. In lieu of recording a Woodward County trade company name (our filing service fee includes trade name registration and newspaper legal publication for 4 weeks) you can also form a corporation in OK or form an OK 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