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Starting a(n) Business Licenses & Tax IDs

Hi, I'm Peter Permits For 75116 T-Shirts

88602 Permits For 75116 Peter Peter T-Shirts Online Store T-Shirts 0 Duncanville TX

, Peter.

Hi, I'm Lake Charles La 70607 T-Shirts
FAQs - More...

I am a Retail Owner. I work out of my home. I will buy wholesale from my home. Facebook business page, square account and sometimes in my yard...., .

Do I Need a small tshirt shop  Sellers Permit?

What other permits and Tax IDs Does a   small tshirt shop Business Needs to Legally Start business operations?  A  small tshirt shop   business needs a sellers permit if it sells or tshirts.

   Furthermore, a general business permit and a federal tax ID number is also required for any of the above business type organizations.

The only exception to a federal tax ID number is a sole proprietor, who can use a ss# instead of a Federal ID.  However, even sole proprietors as well as all other business type organizations that are employers, independent contractors, LLCs, or corporation must obtain a federal tax ID number.

A tshirt business organization, including sole owners, must obtain a state employer tax ID if hiring employees.  Finally, a  tshirt store  sole owner (i.e., an one person business) can obtain and use a federal ID as a business tax ID instead of the social security number and, in addition, he or she can form an LLC or set up a corporation instead of organizing as a sole proprietor.

   Tshirt stores businesses do not need any surety bond insurance either but they can optionally purchase it and also purchase a general liability business insurance or home business insurance.

✔ Biz Structure

You can choose to be a(n) T-Shirts :

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

✔ Biz License

Browns Summit 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) T-Shirts business using a fictitious business name in Guilford 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. For instance you open a(n) T-Shirts business and you name it "Superior T-Shirts Group". You will need to file a fictitious business name for that name.

✔ Seller Permit

In NC 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 NC Federal Tax Id Number ($29) and a(n) NC 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 Browns Summit, Incorporate in NC or form a(n) NC LLC .

You have a choice to file a DBA or form an LLC or incorporate. 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 Home Based Business llc or incorporate (about $49 plus state fees for most states) your T-Shirts 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 Browns Summit business name. In lieu of recording a Guilford 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 NC or form an NC 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