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Starting a(n) Business Licenses & Tax IDs

Hi, I'm Jonnie M Hickman License Needed 92101 Swap Meet

Swap Meets, craft fairs and online selling of handmade crafts. Woodworking, candles, magnets, greeting cards and gift boxes.

, Jonnie M Hickman.

Hi, I'm 73160 Swap Meet

I am starting a swap meet where vendors can come and sell a variety to the public outside. There's no swap meet on this part of the city.

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We are selling product at the swap meet in 90630 cypress, CA. Do we need a tax I’d number? We do not collect taxes on our product.

    A: Hi Suzzy,  Answer: You need to collect taxes.  Starting Your Swap Meet  Business And Selling Online Licensing Required and it is discussed below:

There are thousands of swap meets in the United States generating income in the billions but each business operating in the swap meet must be licensed.

Swap Meet Licensing

Sales Tax Permit

Some swap meets are about retail businesses, so sales tax is involved. I.e., you need to collect taxes when making a sale. Some swap meets collect taxes when you sell your merchandise at the swap meet but 99% of swap meets require you to obtain your own sales permit so you can buy wholesale from wholesalers and then sell retail at the swap meet. You can obtain this license here - it is called a seller's permit.

Swap Meet Business License



  First is a business license and before issuing a business license, the government considers your location, number of employees, type of business and gross annual income as well as you need  to obtain a seller's permit so you can buy your Swap Meet Store wholesale.

90630  For example, if you start a swap meet in Orange County, 9063, CA  and want to buy the items wholesale. To buy wholesale, you  will need to obtain a seller's permit.

The seller's permit includes a resale certificate that you will  fill out, sign and fax or email to the wholesaler so you can prove to the wholesaler that you  have a seller's permit ID number.

  So, for instance, if you  buy 10  Gift Baskets Store Materials for $1.00 each, you  would have to pay $10 plus sales tax but since you  buy wholesale you buy tax free  paying only $10 instead of assuming the state tax is about 7% tax, $10.70.

   As is the case with all businesses, you  will also need to obtain a business license.   In addition, the assumed business name "Home Source," is a fictitious business name and is required to be registered with a DBA, LLC or Corporation.

   Finally, if you are an employer, you will have to obtain 2 tax IDs: a federal EIN and a State EIN.

Selling   used stuff  in a swap meat   requires a sellers permit because you need to collect taxes when you sell them.  Sales taxes that is.

   Of course, any business  needs to be a sole owner, corporation or LLC.

   If you do not choose to become an LLC, you will need to register your business name especially if it is a name without your first and last name in it.

   First, select your  used stuff  business structure: Sole Proprietor, Partnership, LLC or Corporation.

   Then, a sellers permit is required if you sell merchandise wholesale or retail.

   If you are an employer, you will need a federal employer Number and a State Employer Number.

   Users of a trade name will need a fictitious business name filing. Finally, you have the option or incorporating or forming an  used stuff   LLC.

Ok if I want to sell merchandise I need a business license and a sellers permit plus fed?

I was just searching to see what I need to sale at the swap meet clothes I need to know what I need to do or where o need to go to get license to sell at Hawaiian swap meet.

Ya what exactly do I need to get to sell at the swap meet at the stadium I have a tax ID and a business name no business bank account and I don't plan on opening one what do I need to sell at the aloha Stadium .

Hi I want to get a permit to sell at a swap meet do you know where can I get it If I want to be a swap meet vendor what entity do I put on a sellers permit application?

selling to the public at swap meets saturdays and sundays sometimes wednesdays just starting out my business .

How much does it cost to get a sellers permit in Chicago to sell at the Swap meet/flea market Found out i need a business license to sell my jewelry at the swap meet.

I wanna sell things at a swap meet what do I need I sell fidget spinners at the swap meet and they tell me I need a resale license. can you help me with this for free?

I want to make hats and sell them online, from home, or possible at a swap meet etc..what would i need.

✔ Biz Structure

You can choose to be a(n) Swap Meet :

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

✔ Biz License

Oklahoma City 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) Swap Meet business doing business under an assumed business name in Cleveland 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) assumed business name certificate. E.g. you venture into a(n) Swap Meet business and you give it a trade name such as "Excellence Swap Meet & Associates". You will need to register an assumed business name certificate.

✔ Seller Permit

In addition note that in OK 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 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 Oklahoma City, Incorporate in OK or form a(n) OK LLC .

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.

✔ Incorporation

If you do form an Sole Proprietorship llc or incorporate (about $49 plus state fees for most states) your Swap Meet 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 Oklahoma City business name. Instead of just registering your Cleveland County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in OK or form an OK 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). .

Free Seller's Permit