| Starting a(n) Gift Shop Business Licenses & Tax IDs |
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Hi, I'm Kellee Va Wholesale License Number
Gift Shop
| A small gift shop with reproduction hand crafted furniture and small antiques as well as handcrafted cloth items. A selection of primitive/country décor. |
, Kellee. |
Hi, I'm Krista Colucci Do I Need A Georgia Wholesale License
Gift Shop
| I will Sell cards, books and gifts in a shop to the general public in a store that I lease. |
, Krista Colucci. |
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| | | Gift Shop
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You can choose to be a(n) Gift Shop :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
New Hope Business Tax Registration (
Gift ShopBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) Gift Shop business doing business under an assumed business name in
Bucks 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)
assumed business name certificate.
E.g. you venture into a(n)
Gift Shop
business and you give it a trade name such as "Excellence
Gift Shop
& Associates". You will need to register an assumed business name certificate.
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In
PA
Gift Shop
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). You will need it if you sell or want to buy wholesale any Gift Shop related items, such as food, materials, or merchandise.
Seller's Permit
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.
In addition you will need a federal and a state EIN if you will hire employees.
I.e., a PA Federal Tax Id Number ($29)
and a(n) PA State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
New Hope, Incorporate in PA or
form a(n) PA 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.
If you do form an Retail Internet llc or incorporate (about $49 plus state fees for most states) your Gift Shop 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 New Hope business name.
In lieu of recording a Bucks 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
PA or form an PA 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). .
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| Gift Shop requires at least a business license. If you have a Gift Shop business name such as "Beautiful Gift Shop CO," you need a business name certificate. Of course, buying wholesale jewelry requires a resale id also called a wholesale id or seller's permit. You need that one to sell retail as well. Hiring gift shop workers requires that you pay employment tax so you need to get a state and a federal EIN. Finally, you can incorporate or form an LLC even as a sole owner landscaper. |
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| Toano
Kellee
6/21/2014 4:22 PM
. | Va Wholesale License Number
Gift Shop
| A small gift shop with reproduction hand crafted furniture and small antiques as well as handcrafted cloth items. A selection of primitive/country décor. |
| | KelleeToano, VA. | | |
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