Example:
Christian starts a plumbing business from home selling stuff on the internet.
He wants to buy plumbing stuff wholesale and then post them online and sell them in retail.
To buy wholesale, Christian will need to obtain a seller's permit.
The seller's permit includes a resale certificate that will sign and fax to the Plumbing wholesaler, so Christian can prove to the wholesaler that he has a seller's permit ID number that enables him to buy wholesale.
When Christian sells the faucets online, he will have to charge about 7% tax in most states and collect it to pay the government.
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All Businesses Need a Ravenel Business License & a Trade Business Name ( Charleston County Trade Business Name required if using a trade name).
Retailers / Wholesalers, Need a Reseller Tax ID, & a Business License.
Employers Need a Federal Tax Id Number (EIN), a SC State Tax Id ( State EIN), & a Business License.
Corporations, & LLC Need a Federal Tax Id Number (EIN)& a Business License.
Partnerships Need a Federal Tax Id Number (EIN) & a Trade Business Name, but also need a Business License.
Sole Proprietors May Use a Federal Tax Id Number as a SC Business Tax ID but also need a Business License.
Instead of filing a Trade Business Name, You Can Incorporate in SC or form a(n) SC LLC & You Will Not Need To File A DBA
List of required licenses below include online as well as home or Amazon businesses.
1. Plumbing The majority of starting businesses need a(n) , Ravenel business tax id registration (business license).
2. Plumbing Businesses with an trade firm name other than the owner's legal name are required to get a(n) Charleston County DBA ( doing business as ) fictitious business name.
3. In SC you may also need a sales tax ID AKA seller's permit if you sell merchandise that is taxable. ( A.K.A SCseller's permit, state id, wholesale, resale, reseller certificate).
4. You will need a federal and a state EIN if you will hire employees. I.e., a SC Federal Tax ID Number and a(n) SC State Employer Tax Number.
5. Instead of filing a fictitious business name DBA Filing in Ravenel, Incorporate in SC or form a(n) LLC.