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Starting a(n) Concrete Statuary Business Licenses & Tax IDs

Hi, I'm Elma 27030 Concrete Statuary Wholesale concrete statues that I make in NC and surrounding states.
Answer: Hi Elma, here is what you Need In Order To Sell Concrete Statuary.

First, you need LLC, DBA, or Corporation, so you can register your business name "Small Creations,".

Second, You will need to buy your Conc..., Elma.

Concrete Statuary

✔ Biz Structure

You can choose to be a(n) Concrete Statuary :

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

✔ Biz License

Mount Airy Business Tax Registration ( Concrete StatuaryBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.

✔ DBA Biz Name

A(n) Concrete Statuary business doing business under an assumed business name in Surry 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) assumed business name certificate. E.g. you venture into a(n) Concrete Statuary business and you give it a trade name such as "Excellence Concrete Statuary & Associates". You will need to register an assumed business name certificate.

✔ Seller Permit

In addition note that in NC Concrete Statuary 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). You will need it if you sell or want to buy wholesale any Concrete Statuary related items, such as food, materials, or merchandise.
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 Mount Airy, Incorporate in NC or form a(n) NC LLC .

Filing a DBA is not required if you will set up an LLC or form a Corporation. 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 Wholesale Trade llc or incorporate (about $49 plus state fees for most states) your Concrete Statuary business instead of just filing a fictitious business name (dba), it will help you avoid personal liability from wrongs arising from your business dealings and you will not have to file the Mount Airy business name. Instead of just registering your Surry County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in NC or form an NC 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). .

Wholesale concrete statues that I make in NC and surrounding states.

Answer: Hi Elma, here is what you Need In Order To Sell Concrete Statuary.

First, you need LLC, DBA, or Corporation, so you can register your business name "Small Creations,".

Second, You will need to buy your Concrete Statuary supply wholesale and sell them retail (i.e., collecting sales tax). In both cases, you will need to obtain a seller's permit to do it legally.

Third, you need a business license and or a home occupation permit. If you are a home business, you may need just one or both of these.

Finally, If you hire Concrete Statuary workers, you will need both a Federal EIN, and a State EIN as well.

Not Sure? Take Quiz!

Mount Airy Elma 3/24/2021 12:36 AM .

27030 Concrete Statuary

Wholesale concrete statues that I make in NC and surrounding states.

Answer: Hi Elma, here is what you Need In Order To Sell Concrete Statuary.

First, you need LLC, DBA, or Corporation, so you can register your business name "Small Creations,".

Second, You will need to buy your Concrete Statuary supply wholesale and Sell them retail (i.e., collecting sales tax). In both cases, you will need to obtain a Seller's permit to do it legally. The North Carolina (NC) state sales tax rate is currently 4.75%.

Third, you need a business license and or a home occupation permit. If you are a home business, you may need just one or both of these.

Finally, If you hire Concrete Statuary workers, you will need both a Federal EIN, and a State EIN as well.

ElmaMount Airy, NC.

27030

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