Super Cool Toys · Sheridan, WY
A toy store in Wyoming needs the Sales/Use Tax License to sell taxable goods. Suppliers will accept the Streamlined Sales and Use Tax Certificate of Exemption on toys you buy to resell, so ask each one how they handle it. With two employees, you need an EIN and state employer registration, which for Wyoming is for unemployment insurance since there is no state income tax on wages.
Short answer: Wyoming Revenue Identification Number: for a toy store in Sheridan, Wyoming, the core set is the Sales/Use Tax License, a federal tax ID number (EIN) and a local business license, plus a business structure and name registration.
The Wyoming version of the seller's permit is the Sales/Use Tax License. To buy for resale without paying sales tax, you give the supplier a Streamlined Sales and Use Tax Certificate of Exemption. Suppliers generally accept a resale certificate only from a buyer registered for sales tax, so even a business that mostly buys and sells wholesale usually registers. Wyoming is a Streamlined Sales Tax member state, so buyers use the uniform Streamlined certificate for resale.
Industry code: NAICS 451120 (Hobby, Toy, and Game Stores), 459120 under the 2022 update
Get your Sales/Use Tax License filed · Start your LLC, DBA and EIN · Business licenses
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All Businesses Need a Sheridan Business License & a Trade Business Name ( Sheridan 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 WY 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 WY Business Tax ID but also need a Business License.
Instead of filing a Trade Business Name, You Can Incorporate in WY or form a(n) WY LLC & You Will Not Need To File A DBA
List of required licenses below include online as well as home or Amazon businesses.
1. Toy Store The majority of starting businesses need a(n) , Sheridan business tax id registration (business license).
2. Toy Store Businesses with an trade firm name other than the owner's legal name are required to get a(n) Sheridan County DBA ( doing business as ) fictitious business name.
3. In WY you may also need a sales tax ID AKA seller's permit if you sell merchandise that is taxable. ( A.K.A WYseller'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 WY Federal Tax ID Number and a(n) WY State Employer Tax Number.
5. Instead of filing a fictitious business name DBA Filing in Sheridan, Incorporate in WY or form a(n) LLC.