| Starting a(n) Retail Consignment Sales Business Licenses & Tax IDs |
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Hi, I'm angele Get Wholesale License Consignment
Retail Consignment Sales
Consignment clothing business licenses and wholesale permit in Olathe, KS👗KS · WHOLESALE
Angele · The Designer Consigner KC · Olathe, KS Get Wholesale License Consignment: what does a consignment clothing business in Olathe, KS need to buy and sell wholesale?
Angele shared: “I ..., angele. |
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You can choose to be a(n) Retail Consignment Sales :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Olathe Business Tax Registration (
Retail Consignment SalesBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) Retail Consignment Sales business using a fictitious business name in
Johnson 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)
Retail Consignment Sales
business and you name it "Superior
Retail Consignment Sales
Group". You will need to file a fictitious business name for that name.
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In addition note that in
KS
Retail Consignment 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 Retail Consignment 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.
In addition you will need a federal and a state EIN if you will hire employees.
I.e., a KS Federal Tax Id Number ($29)
and a(n) KS State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Olathe, Incorporate in KS or
form a(n) KS 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.
If you do form an Retail Trade llc or incorporate (about $49 plus state fees for most states) your Retail Consignment 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 Olathe business name.
Instead of just registering your Johnson County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in
KS or form an KS 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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| Olathe
angele
5/13/2013 8:33 AM
. | Get Wholesale License Consignment
Retail Consignment Sales
| Angele · The Designer Consigner KC · Olathe, KS Get Wholesale License Consignment: what does a consignment clothing business in Olathe, KS need to buy and sell wholesale? Angele shared: “I sell consignment clothing and accessories online and would like to start buying some wholesale clothing and accessories to resell.” Hi Angele, consignment and wholesale inventory are both retail sales, so Kansas's sales tax registration certificate covers you. Buying new wholesale clothing for resale is tax-free with the Resale Exemption Certificate (Form ST-28A), while consigned items are tracked separately from your own stock. Keep clear records of which items belong to consignors. The Designer Consigner KC can be registered as an LLC or DBA, and we can file it. Short answer: Get Wholesale License Consignment: the key filing in Kansas is the sales tax registration certificate. Suppliers will ask for its number and a Resale Exemption Certificate (Form ST-28A) before they sell to you tax-free. Buying and selling wholesale in KansasThe Kansas version of the seller's permit is the sales tax registration certificate. To buy for resale without paying sales tax, you give the supplier a Resale Exemption Certificate (Form ST-28A). 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. Kansas is a Streamlined Sales Tax member state; its ST-28A form is the standard resale certificate. Your Olathe filing checklist- LLC – limits personal liability, and an LLC under its exact name needs no extra DBA
- Trade name (DBA) – Kansas has no general statewide DBA filing; some cities or counties keep their own trade name records, and an LLC under its exact name needs none
- Federal tax ID number (EIN) – keeps your Social Security number off W-9 forms and supplier paperwork
- Sales tax registration certificate – required before the first taxable sale, including online, flea market and craft fair sales
- Resale Exemption Certificate (Form ST-28A) – keep a copy on file for every supplier you buy from tax-free
- Olathe business license – the city or county tracks who does business there and checks safety rules
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.
- New Mexico: the Gross Receipts Tax registration (CRS ID). New Mexico uses NTTCs instead of resale certificates, sorted by type, and buyers obtain them online after registering.
Industry code: NAICS 453310 (Used Merchandise Stores), 459510 under the 2022 update Get your sales tax registration certificate filed · Start your LLC, DBA and EIN · Business licenses |
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