Starting a(n) Consulting Business Licenses & Tax IDs

Hi, I'm Ronald Sales Tax Cert Consulting Consulting business licenses and filings in Chester Springs, PA💼PA · LICENSES

Ronald · Ronald Consulting · Chester Springs, PA Sales Tax Cert: what licenses does a consulting business need in Chester Springs, PA?

Hi Ronald, consulting is generally a service, so a Pennsylvania S..., Ronald.

Hi, I'm Daniel Maze Bing Sole Proprietorship Consulting Management consulting business licenses and filings in Schererville, IN🤝IN · LICENSES

Daniel · Next Generation Management Solutions · Schererville, IN What licenses does a management consulting business need in Schererville, IN?

Daniel asked: “Management consulting specializing..., Daniel Maze.

Consulting

✔ Biz Structure

You can choose to be a(n) Consulting :

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

✔ Biz License

Northbrook Business Tax Registration ( ConsultingBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.

✔ DBA Biz Name

A(n) Consulting business using a DBA Doing Business As Trade Name in Cook County , i.e., starting businesses using a company name other than the legal (given name) owner's name, need a(n) DBA Doing Business As Trade Name Registration. For example, you start a(n) Consulting business and you call it "Ultra Consulting Co". You will need to file a trade firm name for it.

✔ Seller Permit

Also, keep in mind that in Consulting though, a business license and a DBA is necessary for most businesses but if your business sells any taxable items, you will need a sales tax ID number. (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 Consulting 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

If you are thinking of hiring help, you will need a state employer ID and an IRS number employer ID. I.e., a IL Federal Tax Id Number ($29) and a(n) IL 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 Northbrook, Incorporate in IL or form a(n) IL LLC .

If you will set up a corporation or form an LLC, you will not have to file a DBA (Doing Business As) unless your corproration or LLC name will be different that the busienss name you will trade under. Businesses that use the full legal name of the owner as a business name do not need to register an assumed business name. So, for example, your name is "John X Doe" and you use that as a business name.

✔ Incorporation

If you do form an Services llc or incorporate (about $49 plus state fees for most states) your Consulting business instead of just filing a fictitious business name (dba), it will help you avoid legal and financial personal liability arising out of business transactions and you will not have to register the Northbrook business name. Instead of filing a Cook County fictitious business name (our service fee includes dba business name filing and legal paper publication) you can elect to incorporate in or form an IL LLC (starts @ $49 plus state fee for most states & includes bylaws and LLC operating agreement)..

Not Sure? Take Quiz!

Chester Springs Ronald 6/30/2021 2:44 PM .

Sales Tax Cert Consulting

Ronald · Ronald Consulting · Chester Springs, PA

Sales Tax Cert: what licenses does a consulting business need in Chester Springs, PA?

Hi Ronald, consulting is generally a service, so a Pennsylvania Sales, Use and Hotel Occupancy Tax License usually isn't needed unless you sell taxable goods. If you do, the Form REV-1220 Pennsylvania Exemption Certificate applies only to items you resell. An EIN, a DBA for Ronald Consulting or an LLC, and a local business license cover the basics.

Short answer: Sales Tax Cert: the key filing in Pennsylvania is the Sales, Use and Hotel Occupancy Tax License. Suppliers will ask for its number and a Form REV-1220 Pennsylvania Exemption Certificate before they sell to you tax-free.

Buying and selling wholesale in Pennsylvania

In Pennsylvania, the seller's permit goes by the name Sales, Use and Hotel Occupancy Tax License. To buy for resale without paying sales tax, you give the supplier a Form REV-1220 Pennsylvania Exemption Certificate. Not a sales tax license. A business selling only to resellers applies for a wholesaler certificate instead; it cannot hold both. Pennsylvania issues a separate wholesaler certificate to businesses that sell only for resale; any retail selling requires the sales tax license instead. Supplies you use up in a service are usually taxed when you buy them, since they aren't resold.

What a consulting business needs in Chester Springs, PA

LLC – suppliers and banks take an LLC more seriously than a name on a napkin
Fictitious Name (DBA) – needed when you trade under a name other than your legal name or the LLC's exact name
Federal tax ID number (EIN) – wholesale suppliers and banks ask for it on credit and account applications
Sales, Use and Hotel Occupancy Tax License – only if you also sell taxable goods; many services aren't taxed, but some states tax certain services
Chester Springs business license – the city or county tracks who does business there and checks safety rules

Same permit, different names in other states

Arizona: the Transaction Privilege Tax (TPT) license. Arizona's TPT is a tax on the seller's privilege of doing business, not a tax on the buyer.
Michigan: the Sales Tax License. Michigan wholesalers buying tax-free should give suppliers a written statement that they are purchasing for resale at wholesale.
Washington: the business license with a reseller permit. Washington's B&O tax has a wholesaling classification, and sellers must keep a reseller permit or other documentation for every wholesale customer.

Industry code: NAICS 541611 (Administrative Management and General Management Consulting Services)

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