Starting a(n) SALE ONLINE Business Licenses & Tax IDs

Hi, I'm Nova DO I NEED A WHOLESALE LICENSE 29118 SALE ONLINE Online wholesale and retail merchandise business licenses and wholesale permit in Orangeburg, SC🛍️SC · WHOLESALE

Nova · HM&B ENTERPRISE LLC · Orangeburg, SC Do I need a wholesale license 29118? (An online wholesale and retail merchandise business in Orangeburg, SC)

Nova wro..., Nova.

SALE ONLINE

You can choose to be a(n) SALE ONLINE :

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

✔ Biz License

Orangeburg Business Tax Registration ( SALE ONLINEBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.

✔ DBA Biz Name

A(n) SALE ONLINE business using a fictitious business name in Orangeburg 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) fictitious business name. For instance you open a(n) SALE ONLINE business and you name it "Superior SALE ONLINE Group". You will need to file a fictitious business name for that name.

✔ Seller Permit

In addition note that in SC SALE ONLINE 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 SALE ONLINE 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 SC Federal Tax Id Number ($29) and a(n) SC 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 Orangeburg, Incorporate in SC or form a(n) SC LLC .

Filing a DBA is not required if you will set up an LLC or form a Corporation. 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 Wholesale Trade llc or incorporate (about $49 plus state fees for most states) your SALE ONLINE 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 Orangeburg business name. Instead of just registering your Orangeburg County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in SC or form an SC 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). .

Not Sure? Take Quiz!

Orangeburg Nova 5/2/2021 2:06 PM .

DO I NEED A WHOLESALE LICENSE 29118 SALE ONLINE

Nova · HM&B ENTERPRISE LLC · Orangeburg, SC

Do I need a wholesale license 29118? (An online wholesale and retail merchandise business in Orangeburg, SC)

Nova wrote: “1. Wholesale 2. furniture, shoes, lotion, perfume, art etc. 3. Online”

Hi Nova, selling furniture, shoes, lotion, perfume and art online from Orangeburg means South Carolina's Retail License, which also covers wholesale sales to other businesses. Suppliers will ask for your Form ST-8A Resale Certificate and license number to sell tax-free, and your own wholesale buyers will hand you theirs. HM&B Enterprise LLC under its exact name needs no DBA. Lotion and perfume can have labeling rules.

Short answer: In Orangeburg, South Carolina, businesses are required to obtain licensing before they start operating. For an online wholesale and retail merchandise business, that means the Retail License, a federal tax ID number (EIN) and a local business license, plus a structure and name registration.

Buying and selling wholesale in South Carolina

The South Carolina version of the seller's permit is the Retail License. When you buy inventory to resell, the paperwork is a Form ST-8A Resale Certificate. A retail license is required for retail sellers; a business making only wholesale sales may not need one. South Carolina also accepts the multistate uniform certificate in place of its ST-8A form if it contains the same information.

What an online wholesale and retail merchandise business needs in Orangeburg, SC

LLC – limits personal liability, and an LLC under its exact name needs no extra DBA
Trade name (DBA) – South Carolina 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
Retail License – required before the first taxable sale, including online, flea market and craft fair sales
Form ST-8A Resale Certificate – keep a copy on file for every supplier you buy from tax-free
Orangeburg business license – needed even for home-based businesses, which may also need a home occupation permit

Same permit, different names in other states

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.
California: the seller's permit. A California resale certificate normally shows the buyer's seller's permit number; sellers accept it in good faith to skip tax.
North Carolina: the Certificate of Registration (sales and use tax). North Carolina lets registered wholesale-only merchants opt out of filing sales and use tax returns.

Industry code: NAICS 425120 (Wholesale Trade Agents and Brokers); retail side 459999 (All Other Miscellaneous Retailers)

Get your Retail License filed · Start your LLC, DBA and EIN · Business licenses

NovaOrangeburg, SC.

DO I NEED A WHOLESALE LICENSE 29118

> Get Started

> Learn More...

Not Sure? Take Quiz!


DO I NEED A WHOLESALE LICENSE 29118

> Get Started

> Learn More...