| Starting a(n) Work Supplies Business Licenses & Tax IDs |
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| | | Work Supplies
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You can choose to be a(n) Work Supplies :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Rosedale Business Tax Registration (
Work SuppliesBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) Work Supplies business doing business under an assumed business name in
Russell 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)
Work Supplies
business and you give it a trade name such as "Excellence
Work Supplies
& Associates". You will need to register an assumed business name certificate.
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Also, keep in mind that in
VA
Work Supplies
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 Work Supplies 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 VA Federal Tax Id Number ($29)
and a(n) VA State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Rosedale, Incorporate in VA or
form a(n) VA LLC .
Filing a DBA is not required if you will set up an LLC or form a Corporation.
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 Wholesale Trade llc or incorporate (about $49 plus state fees for most states) your Work Supplies 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 Rosedale business name.
Instead of filing a Russell County fictitious business name (our service fee includes dba business name filing and legal paper publication) you can elect to incorporate in
VA or form an VA 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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