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Starting a(n) Business Licenses & Tax IDs

Hi, I'm 85713 Make Up

FAQs - More...
Online or in person sales facebook groups seasonal sales like easter baskets valentines its a Tiendita I have make up backpacks socks hair accessories jewelry accessories

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Hi, I'm Sheretta Golladay Upper Marlboro Maryland Make Up

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I will buy make up at wholesale and resale.

, Sheretta Golladay.

Make Up Sales or Make Up Artist

This is a world wide  $40 billion industry with annual growth in excess of 4%. Face cosmetics, such as makeup and makeup creams had more than $13 billion in sales which is more than 35% of overall market value. The outlook is that it will continue to grow in the next 5 years , when the market should be valued at $45 billion.  The worldwide make-up market involves face make-up, eye make-up, nail make-up and lip make-up.

Make up is not only color, ease of use and luminescence, but also includes protection against the suns UV rays, moisturizing and anti aging agents.  The latest is make-up with organic ingredients with vitamin E and plant extracts.

You can sell makeup online, at retail outlets, grocery stores, specialty retail stores and pharmacies.

Kim Cardasian gets old and Kaney abandons her and the baby. To make ends meet, Kim starts a make-up  online business.  To get it going, Kim must first

select a business structure:

as Sole Proprietor, Partnership, LLC or Corporation.

The above step is important because Kims all documents will be filed under the type of business organizational structure.

After that, Kim must will need to obtain a business permit.

This is a general business permit that all new makeup businesses must obtain.

Note that in the majority of the makeup cases you do not need to obtain a business permit that is specifically for your makeup  type of business.

You only need a general business permit.

In addition, all makeup  businesses must be identified by a business tax ID called a federal tax ID number or Employer Identification Number (EIN).

If Kim files as a sole proprietor, she can use her social security number instead of the federal ID.

Then, a sellers permit is required if she sells makeup merchandise wholesale or retail.

The sellers permit is also called state ID, wholesale ID, resale ID, or re-seller license.

If she is an employer, she will need a federal employer Number and a State Employer Number.

If she will do business as a name other than her full legal name, for example, she will do business as "Kims Celebrity Makeup," 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.

✔ Biz Structure

You can choose to be a(n) Make Up :

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

✔ Biz License

Tucson 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) Make Up business using a fictitious business name in Pima 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) Make Up business and you name it "Superior Make Up Group". You will need to file a fictitious business name for that name.

✔ Seller Permit

In AZ 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 AZ Federal Tax Id Number ($29) and a(n) AZ 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 Tucson, Incorporate in AZ or form a(n) AZ 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 Wholesale Trade llc or incorporate (about $49 plus state fees for most states) your Make Up 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 Tucson business name. In lieu of recording a Pima 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 AZ or form an AZ 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