Starting a(n) Home Base Business Business Licenses & Tax IDs

Hi, I'm Wholesale Buyer License Home Base Business Home-based business licenses and filings in Bellevue, WA🏡WA · LICENSES

Bellevue, WA Wholesale Buyer License: which registrations does a home-based business in Bellevue, WA need?

A spare room turned workshop, a label printer humming and a mug of coffee near a stack of orders.

Short ans..., .

Home Base Business

You can choose to be a(n) Home Base Business :

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

✔ Biz License

Bellevue Business Tax Registration ( Home Base BusinessBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.

✔ DBA Biz Name

A(n) Home Base Business business using a DBA Doing Business As Trade Name in King 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) Home Base Business business and you call it "Ultra Home Base Business Co". You will need to file a trade firm name for it.

✔ Seller Permit

Also, keep in mind that in WA Home Base Business 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 Home Base Business 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 WA Federal Tax Id Number ($29) and a(n) WA 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 Bellevue, Incorporate in WA or form a(n) WA 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 Retail Trade llc or incorporate (about $49 plus state fees for most states) your Home Base Business 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 Bellevue business name. Instead of filing a King County fictitious business name (our service fee includes dba business name filing and legal paper publication) you can elect to incorporate in WA or form an WA LLC (starts @ $49 plus state fee for most states & includes bylaws and LLC operating agreement)..

Not Sure? Take Quiz!

Bellevue 1/10/2013 6:42 PM .

Wholesale Buyer License Home Base Business

Bellevue, WA

Wholesale Buyer License: which registrations does a home-based business in Bellevue, WA need?

A spare room turned workshop, a label printer humming and a mug of coffee near a stack of orders.

Short answer: Wholesale Buyer License: in Washington, what most people call a wholesale license is the business license with a reseller permit. With it, and a reseller permit for your suppliers, a home-based business can buy inventory for resale without paying sales tax up front.

Buying and selling wholesale in Washington

In Washington, the seller's permit goes by the name business license with a reseller permit. Suppliers selling to you tax-free will ask for a reseller permit. Wholesalers need a Washington business license, and wholesale sales are subject to the B&O tax even though no sales tax is collected. Washington's B&O tax has a wholesaling classification, and sellers must keep a reseller permit or other documentation for every wholesale customer. If you resell goods from home, you can buy them tax-free with a resale certificate, but tools and supplies you use yourself are normally taxable purchases.

Your Bellevue filing checklist

LLC – protects personal assets if a customer or supplier dispute turns into a lawsuit
Trade Name (DBA) – registers the trade name on your sign, website and invoices
Federal tax ID number (EIN) – wholesale suppliers and banks ask for it on credit and account applications
Business license with a reseller permit – only if you also sell taxable goods; many services aren't taxed, but some states tax certain services
Bellevue business license – needed even for home-based businesses, which may also need a home occupation permit
Home occupation permit

How other states name the wholesale permit

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.
Florida: the sales tax Certificate of Registration. Florida mails registered dealers a new Annual Resale Certificate each year; sellers can also verify a buyer's certificate number with the state.
Tennessee: the sales and use tax certificate of registration. Tennessee's business tax classifies a business as wholesaler or retailer each year, depending on whether wholesale sales exceed half its total sales.

Tip: Check zoning before you stack inventory in the garage. Neighbors will happily tell you the rules, usually after the delivery truck arrives.

Industry code: NAICS 561990 (All Other Support Services)

Get your business license with a reseller permit filed · Start your LLC, DBA and EIN · Business licenses

Bellevue, WA.

Wholesale Buyer License

> Get Started

> Learn More...

Not Sure? Take Quiz!


Wholesale Buyer License

> Get Started

> Learn More...