Starting a(n) Store Business Licenses & Tax IDs

Hi, I'm A'Myracle Resale License 36116 Store Online plush toy store licenses and wholesale permit in Montgomery, AL🧸AL · WHOLESALE

A'Myracle · Plushee Connection Stuffed Animal Store · Montgomery, AL Resale License 36116: how do I buy wholesale and get licensed for an online plush toy store in Montgomery, AL?

A'My..., A'Myracle.

Hi, I'm Wallet Get Louisiana Business Licence Store Online resale store licenses and wholesale permit in Baton Rouge, LA📦LA · WHOLESALE

Red Thread Clothier’E Red Thread Resale Store · Baton Rouge, LA Get Louisiana Business License: what licenses does an online resale store need in Baton Rouge, LA?

The owner told us: “I'm a solo o..., Wallet.

Store

✔ Biz Structure

You can choose to be a(n) Store :

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

✔ Biz License

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

✔ DBA Biz Name

A(n) Store business using a DBA Doing Business As Trade Name in West Feliciana Parish , 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) Store business and you call it "Ultra Store Co". You will need to file a trade firm name for it.

✔ Seller Permit

Also, keep in mind that in LA Store 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 Store 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

If you are thinking of hiring help, you will need a state employer ID and an IRS number employer ID. I.e., a LA Federal Tax Id Number ($29) and a(n) LA 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 Wakefield, Incorporate in LA or form a(n) LA 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.

✔ Incorporation

If you do form an Retail Trade llc or incorporate (about $49 plus state fees for most states) your Store 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 Wakefield business name. Instead of filing a West Feliciana Parish fictitious business name (our service fee includes dba business name filing and legal paper publication) you can elect to incorporate in LA or form an LA LLC (starts @ $49 plus state fee for most states & includes bylaws and LLC operating agreement)..

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Montgomery A'Myracle 6/10/2021 6:05 PM .

Resale License 36116 Store

A'Myracle · Plushee Connection Stuffed Animal Store · Montgomery, AL

Resale License 36116: how do I buy wholesale and get licensed for an online plush toy store in Montgomery, AL?

A'Myracle told us: “I have a website dropshipping plushies. I will buy new plushies wholesale and sell them on Shopify. I plan to sell plushies to customers in all 50 states, from my home.”

Hi A'Myracle, dropshipping plushies still makes you the seller, so Alabama expects a sales tax license before you start. Your wholesale supplier will usually ask for the resale certificate showing your Alabama sales tax account number and your permit number before selling tax-free. Selling to all 50 states is great, though once you pass another state's sales threshold you may owe tax there too. Your home base works fine.

Short answer: Resale License 36116: the key filing in Alabama is the sales tax license. Suppliers will ask for its number and an Alabama resale certificate before they sell to you tax-free.

Buying and selling wholesale in Alabama

Alabama calls its seller's permit the sales tax license. To buy for resale without paying sales tax, you give the supplier an Alabama resale certificate. Wholesalers making no retail sales may get a state sales tax certificate of exemption (Form STE-1) instead of a sales tax license. Many Alabama cities and counties levy their own sales taxes, some administered locally, so local registration can be needed too.

What an online plush toy store needs in Montgomery, AL

LLC – protects personal assets if a customer or supplier dispute turns into a lawsuit
Trade Name (assumed name) – lets the bank accept checks made out to your business name
Federal tax ID number (EIN) – wholesale suppliers and banks ask for it on credit and account applications
Sales tax license – required before the first taxable sale, including online, flea market and craft fair sales
Alabama resale certificate – covers goods you resell, not supplies you use up
State employer ID – for state income tax withholding and unemployment insurance once you hire
Montgomery business license – the city or county tracks who does business there and checks safety rules

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.
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.
Nevada: the seller's permit. Nevada also has a Commerce Tax on businesses with large Nevada gross revenue, which can reach wholesalers.

Industry code: NAICS 459120 (Hobby, Toy, and Game Retailers); 451120 under the 2017 codes

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