Starting a(n) Party Services Business Licenses & Tax IDs

Hi, I'm Hokulani What Do I Need In Order To Start My Business Party Services Party rental and mobile DJ business licenses and filings in Waianae, HI🎈HI · LICENSES

Hokulani · Rhage Inc · Waianae, HI What do I need in order to start my business? (A party rental and mobile DJ business in Waianae, HI)

Hokulani shared: “We will rent out bouncers for kids. We..., Hokulani.

Party Services

You can choose to be a(n) Party Services :

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

✔ Biz License

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

✔ DBA Biz Name

A(n) Party Services business doing business under an assumed business name in Honolulu City And County i.e. you are a business that uses a DBA doing business as trade name to trade that is other than the full legal (first and last -- full name) name of a sole proprietor or a name other than the LLC or Corporation business name need a(n) assumed business name certificate. E.g. you venture into a(n) Party Services business and you give it a trade name such as "Excellence Party Services & Associates". You will need to register an assumed business name certificate.

✔ Seller Permit

In HI Party Services 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 Party Services 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

Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number. I.e., a HI Federal Tax Id Number ($29) and a(n) HI 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 Waianae, Incorporate in HI or form a(n) HI LLC .

Filing a DBA is not required if you will set up an LLC or form a Corporation. If you will do business under your first and last legal name you will not need to get a fictitious business name.
Using any language that connotes additional owners in the name of the business makes filing a fictitious business name mandatory.

✔ Incorporation

If you do form an Services llc or incorporate (about $49 plus state fees for most states) your Party Services 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 Waianae business name. In lieu of recording a Honolulu City And 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 HI or form an HI LLC (starts @ $49 plus state fee for most states & includes bylaws for the corporation and Limited Liability operating agreement for the LLC that is required to open a business bank account). .

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Waianae Hokulani 6/17/2013 2:52 PM .

What Do I Need In Order To Start My Business Party Services

Hokulani · Rhage Inc · Waianae, HI

What do I need in order to start my business? (A party rental and mobile DJ business in Waianae, HI)

Hokulani shared: “We will rent out bouncers for kids. We will provide mobile disco and live PA system services for parties.”

Hi Hokulani, in Hawaii the General Excise Tax (GET) license is the key registration, since it covers most business activity, including rentals and services. Equipment you rent out can be bought tax-free with Form G-17, but your PA system used for your own events is a different question. Bounce houses often need safety permits and insurance. With two employees, we'll add employer registration. We can file the GET license.

Short answer: In Waianae, Hawaii, businesses are required to obtain licensing before they start operating. For a party rental and mobile DJ business, that means a federal tax ID number (EIN) and a local business license, plus a structure and name registration.

Buying and selling wholesale in Hawaii

In Hawaii, the seller's permit goes by the name General Excise Tax (GET) license. Suppliers selling to you tax-free will ask for a resale certificate (Form G-17). Hawaii's GET applies to wholesaling too, so a business that sells only to resellers still needs a GET license. Hawaii taxes wholesale sales as well as retail ones, at a lower rate, because its GET falls on the seller's gross income. Supplies you use up in a service are usually taxed when you buy them, since they aren't resold.

The paper trail for Waianae, HI

LLC – suppliers and banks take an LLC more seriously than a name on a napkin
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) – required for an LLC with partners or any business with employees
General Excise Tax (GET) license – only if you also sell taxable goods; many services aren't taxed, but some states tax certain services
State employer ID – for state income tax withholding and unemployment insurance
Waianae business license – the city or county tracks who does business there and checks safety rules
Amusement ride or inflatable 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.
Delaware: No statewide sales tax; instead Delaware imposes a gross receipts tax on sellers, with wholesalers classified separately from retailers.
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 532289 (All Other Consumer Goods Rental)

Get your General Excise Tax (GET) license filed · Start your LLC, DBA and EIN · Business licenses

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What Do I Need In Order To Start My Business

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