| Starting a(n) Popcorn Sales Business Licenses & Tax IDs |
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Hi, I'm Popcorn
Popcorn Sales
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You can choose to be a(n) Popcorn Sales :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Milwaukee Business Tax Registration (
Popcorn SalesBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) Popcorn Sales business using a DBA Doing Business As Trade Name in
Milwaukee 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)
Popcorn Sales
business and you call it "Ultra
Popcorn Sales
Co". You will need to file a trade firm name for it.
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Also, keep in mind that in
WI
Popcorn Sales
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 Popcorn Sales 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.
If you are thinking of hiring help, you will need a state employer ID and an IRS number employer ID.
I.e., a WI Federal Tax Id Number ($29)
and a(n) WI State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Milwaukee, Incorporate in WI or
form a(n) WI 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.
If you do form an Other llc or incorporate (about $49 plus state fees for most states) your Popcorn Sales 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 Milwaukee business name.
Instead of filing a Milwaukee County fictitious business name (our service fee includes dba business name filing and legal paper publication) you can elect to incorporate in
WI or form an WI LLC (starts @ $49 plus state fee for most states & includes bylaws and LLC operating agreement)..
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Popcorn Sales
All Popcorn Sales businesses must be identified either with a federal tax ID or the ss# of the owner if sole proprietorship for federal and state income tax purposed. All other Popcorn Sales business entities, such as LLC, Corp, Partnerships, need a federal tax ID number. In addition, since the business Popcorn Sales merchandise whether wholesale or retail , it will need a sales tax ID number also called a seller's permit. Furthermore, Popcorn Sales employers will need both a federal EIN, and a State EIN. Finally, if the business uses a trade name, the name must be registered with an assumed business name certificate also called a DBA doing business as. E.g., "Popcorn Sales Forever," is a trade name you you need to file it. Note that since you have to select a Popcorn Sales business structure, if you select to be an LLC or corporation you will not need to file an assumed business name. |
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| Milwaukee
7/4/2014 8:11 PM
. | | Popcorn
Popcorn Sales
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