| Starting a(n) car sales Business Licenses & Tax IDs |
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Hi, I'm Alford Wholesale Auto Auction
Car Sales
| 29412 Wholesale Auto Auction Alford Car Sales Wholesale Trade 77969 Car Sales 1 Charleston SC |
, Alford. |
Hi, I'm Davis Starting A Dealership In Alabama
Car Sales
| 36874 Starting A Dealership In Alabama Davis Mitchell Automotive Retail Trade 76873 Car Sales 2 Salem AL |
, Davis. |
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| | | car sales
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You can choose to be a(n) Car Sales :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Luverne Business Tax Registration (
Car SalesBusiness License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) Car Sales business doing business under an assumed business name in
Crenshaw 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)
Car Sales
business and you give it a trade name such as "Excellence
Car Sales
& Associates". You will need to register an assumed business name certificate.
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In
AL
Car Sales
you need a resale ID ( AKA seller's permit) if you selling touchable items.
(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 Car 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 AL Federal Tax Id Number ($29)
and a(n) AL State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Luverne, Incorporate in AL or
form a(n) AL LLC .
Filing a DBA is not required if you will set up an LLC or form a Corporation.
If you will do business under your first and last legal name you will not need to get a fictitious business 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 Wholesale Trade llc or incorporate (about $49 plus state fees for most states) your Car 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 Luverne business name.
In lieu of recording a Crenshaw County trade company name (our filing service fee includes trade name registration and newspaper legal publication for 4 weeks) you can also form a corporation in
AL or form an AL 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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All car sales businesses must be identified either with a federal tax ID or the ss# of the owner if sole proprietorship.
All other car sales business entities, such as LLC, Corp, Partnerships, need a federal tax ID number.
In addition, if the car sales business sells any merchandise such as cars, automobiles and auto parts, whether wholesale or retail or if it leases equipment, it will need a sales tax ID number.
Furthermore, car sales employers will need both a federal EIN, and a State EIN.
Finally, if the car sales business uses a trade name, the name must be registered with an assumed business name certificate also called a DBA doing business as.
Note that since you have to select a car 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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| Charleston
Alford
9/4/2021 2:35 PM
. | Wholesale Auto Auction
Car Sales
| 29412 Wholesale Auto Auction Alford Car Sales Wholesale Trade 77969 Car Sales 1 Charleston SC |
| | AlfordCharleston, SC. | | |
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