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Keep
in mind that
the
following
apply
to all businesses: ebay, online, home, or any other
business
you enter into. All businesses need these
licenses.
Also,
keep in mind that we can obtain ALL (
buy the bundles) these required documents for you in
one low price.
Most small
business advisors recommend that you file the at
least the legal documents that you are required to
have to start your business:
If
you are planning to start a business
don't forget business regulations....
In general, in most states, it is unlawful for any
person, to carry on any business, trade, profession,
calling, occupation or gainful activity without the
required documents below. If you don't obtain the
documents, you may be charged with a crime and or be
subject to a substantial financial penalty.
Note that you need a fictitious
business name
certificate to open a bank account in the
business' name and it is wise, as well as
required, (in most cases) to obtain the federal
id and the business license.
Note that the ultimate
business entity to protect you from civil and or
financial liability is acorporation
(Corp
Advantages
and Disadvantages).
However,
obtain one only if you have a substantial amount
of personal or business assets / wealth and want
to protect them from civil law suits and / or
debtors. Otherwise, just get a dba and the
other required tax ids and licenses and start
making money.
More...
There are advantages
and disadvantages
of sole proprietorship, partnership and
corporation. However, if you are ready
to operate your business, just go ahead
and get the required documents:
First,
By law,
all businesses must file and record a
Fictitious Business Name
(otherwise called an assumed name, firm
name or trade business name) or
Incorporate the Business if
they do business in a business name
(e.g., Carpet Express)
other than their own personal name
(e.g., John Smith),
a
Fictitious
Business Name,
or
Incorporate.
Benefits: You need a
fictitious business name statement
certificate or a corporation
certificate so you can open a
merchant or business bank account,
discourage competitors from using
your business name, and enforce
contracts you entered into under the
business name.
Second, by law, all businesses
that have employees, or are a
corporate business entity such as a
corporation, LLC, or Limited Partnership,
must obtain a federal tax id. Note
that you may need a federal tax id to
obtain a seller's permit and you
definitely are required to have one if
you have employees.
What is a federal
tax id number?
In addition, think about it... You open
a business bank
account using your social security
number.... a check bounces... whose
credit is ruined? Protect your credit.
Obtain a federal id and use it to open a
business bank account.
Third, by law, in
most cases, businesses that have
employees must obtain a
State Tax Id: EIN
Employer ID.
Note that you need to have a federal tax
id before you can get a state tax id.
Fourth,
In General, it is unlawful for any
person, to carry on any business,
trade, profession, calling, occupation
or gainful activity without a seller's
permit if the business
buys to resell or sells wholesale or
retail taxable services or tangible
items.
A
Resale License
is the same as a Seller's Permit, Sales
Tax Certification, Wholesale License.
Example, you sell computers or clothing
online or on eBay in California... you
need a sellers permit to buy wholesale
tax free. When you sell, you charge
taxes (collect taxes) to pay to
government later. You also need a
seller's permit if the services you
provide are taxable to the public.
Business License:by
law, in most cases, all businesses
must be licensed before they can
begin to operate. If an individual or
company is found either operating a
business or conducting business without
a business license, he or she will be
subject to significant fines and/or
penalties. Note:
you need a fictitious business name to
open a bank account - not a
business
license.