Starting a(n) Motorcycle Sales Business Licenses & Tax IDs

Hi, I'm Buying Wholsale Motorcycle Motorcycle Sales Motorcycle dealership licenses and wholesale permit in Eatonton, GA🏍️GA · WHOLESALE

The Shop · Eatonton, GA Buying Wholesale Motorcycle: what wholesale license does a motorcycle dealership need in Eatonton, GA?

The owner wrote: “We will buy wholesale motorcycles and sell to the publ..., .

Hi, I'm John Obtaian Tax ID Riverton WY Motorcycle Sales Motorcycle and mobile home business licenses and wholesale permit in Riverton, WY🏍️WY · WHOLESALE

John · John's Inc. · Riverton, WY Obtaian Tax ID Riverton WY: what wholesale license does a motorcycle and mobile home business need in Riverton, WY?

John wrote: “I will buy ne..., John.

Motorcycle Sales

✔ Biz Structure

You can choose to be a(n) Motorcycle Sales :

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

✔ Biz License

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

✔ DBA Biz Name

A(n) Motorcycle Sales business using a fictitious business name in Putnam 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) Motorcycle Sales business and you name it "Superior Motorcycle Sales Group". You will need to file a fictitious business name for that name.

✔ Seller Permit

In addition note that in GA Motorcycle Sales 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 Motorcycle Sales 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 GA Federal Tax Id Number ($29) and a(n) GA 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 Eatonton, Incorporate in GA or form a(n) GA LLC .

You have a choice to file a DBA or form an LLC or incorporate. 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 Retail Selling llc or incorporate (about $49 plus state fees for most states) your Motorcycle Sales 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 Eatonton business name. Instead of just registering your Putnam County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in GA or form an GA 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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Eatonton 6/30/2016 10:52 AM .

Buying Wholsale Motorcycle Motorcycle Sales

The Shop · Eatonton, GA

Buying Wholesale Motorcycle: what wholesale license does a motorcycle dealership need in Eatonton, GA?

The owner wrote: “We will buy wholesale motorcycles and sell to the public.”

Selling motorcycles is a regulated dealer business, so a dealer license usually comes before anything else. For tax, Georgia's sales and use tax number (Certificate of Registration) and the Form ST-5 Sales Tax Certificate of Exemption are what you show when buying inventory for resale. Titles, financing and lot rules add paperwork. The Shop as a trade name needs a DBA unless it is an LLC's exact name.

Short answer: Buying Wholesale Motorcycle: in Georgia, what most people call a wholesale license is the sales and use tax number (Certificate of Registration). With it, and a Form ST-5 Sales Tax Certificate of Exemption for your suppliers, a motorcycle dealership can buy inventory for resale without paying sales tax up front.

Buying and selling wholesale in Georgia

In Georgia, the seller's permit goes by the name sales and use tax number (Certificate of Registration). To buy for resale without paying sales tax, you give the supplier a Form ST-5 Sales Tax Certificate of Exemption. Suppliers generally accept a resale certificate only from a buyer registered for sales tax, so even a business that mostly buys and sells wholesale usually registers. Buyers using Form ST-5 generally need a Georgia sales tax number when registration applies to them. Georgia's ST-5 certificate covers resale and many other exemptions; the buyer marks the reason and lists its registration number.

What a motorcycle dealership needs in Eatonton, GA

LLC – protects personal assets if a customer or supplier dispute turns into a lawsuit
Trade 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) – needed for your 1 employee and payroll reports
Sales and use tax number (Certificate of Registration) – the number wholesale suppliers want before they sell to you tax-free
Form ST-5 Sales Tax Certificate of Exemption – hand it to suppliers to buy inventory for resale without sales tax
State employer ID – for state income tax withholding and unemployment insurance
Eatonton business license – needed even for home-based businesses, which may also need a home occupation permit
Motor vehicle dealer license

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.
New York: the Certificate of Authority. A New York Certificate of Authority must be displayed at the business, and buyers list its number on the ST-120 resale certificate.
Pennsylvania: the Sales, Use and Hotel Occupancy Tax License. Pennsylvania issues a separate wholesaler certificate to businesses that sell only for resale; any retail selling requires the sales tax license instead.

Industry code: NAICS 441228 (Motorcycle, ATV, and All Other Motor Vehicle Dealers)

Get your sales and use tax number (Certificate of Registration) filed · Start your LLC, DBA and EIN · Business licenses

Eatonton, GA.

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