| Starting a(n) Home Based Candy Business Business Licenses & Tax IDs |
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Hi, I'm Tax Id For Home Based Business
Home Based Candy Business
I am a domestic processor of confectionary products. I make home made unique Fudges, candies and assorted cookies, cupcakes, etc...I plan to do specialty baskets and themes at a later date for Weddings, birthdays, etc... I Sell to the public, at Bizarres, Farmers markets, local events and local busi..., . |
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| | | Home Based Candy Business
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You can choose to be a(n) Home Based Candy Business :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Burns Business Tax Registration (
Home Based Candy BusinessBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) Home Based Candy Business business using a fictitious business name in
Harney 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)
fictitious business name.
For instance you open a(n)
Home Based Candy Business
business and you name it "Superior
Home Based Candy Business
Group". You will need to file a fictitious business name for that name.
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In
OR
Home Based Candy Business
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 Home Based Candy Business 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 OR Federal Tax Id Number ($29)
and a(n) OR State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Burns, Incorporate in OR or
form a(n) OR 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 Other llc or incorporate (about $49 plus state fees for most states) your Home Based Candy Business 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 Burns business name.
In lieu of recording a Harney 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
OR or form an OR 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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| Burns
1/17/2013 11:13 PM
. | Tax Id For Home Based Business
Home Based Candy Business
| I am a domestic processor of confectionary products.
I make home made unique Fudges, candies and assorted cookies, cupcakes, etc...I plan to do specialty baskets and themes at a later date for Weddings, birthdays, etc...
I Sell to the public, at Bizarres, Farmers markets, local events and local businesses I am for the people so I also do fund raisers as needed. At this time I do not have an online store but I do have a business email address to take orders. Will possibly do mail orders in the future. |
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