Beer Money Bowstrings & Archery Equipment · Alexandria, MN
The owner told us: “I make custom bowstrings and sell archery equipment.”
Minnesota's Sales and Use Tax Permit is what you need to sell archery equipment, and with it Form ST3 lets you buy equipment and string materials tax-free for resale. Tools and wax you use up are taxed. Beer Money Bowstrings and Archery Equipment needs a DBA unless it is your LLC's exact name.
Short answer: For an archery shop in Alexandria, Minnesota, the essentials are the Sales and Use Tax Permit, a federal tax ID number (EIN) and a local business license, plus an LLC or other structure.
Minnesota calls its seller's permit the Sales and Use Tax Permit. Suppliers selling to you tax-free will ask for a Form ST3 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. Minnesota is a Streamlined Sales Tax member state; its ST3 form covers resale purchases.
Industry code: NAICS 451110 (Sporting Goods Stores), 459110 under the 2022 update
Get your Sales and Use Tax Permit filed · Start your LLC, DBA and EIN · Business licenses
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All Businesses Need a Alexandria Business License & a Trade Business Name ( Douglas 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 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 MN Business Tax ID but also need a Business License.
Instead of filing a Trade Business Name, You Can Incorporate in or form a(n) MN LLC & You Will Not Need To File A DBA
List of required licenses below include online as well as home or Amazon businesses.
1. Archery Store The majority of starting businesses need a(n) , Alexandria business tax id registration (business license).
2. Archery Store Businesses with an trade firm name other than the owner's legal name are required to get a(n) Douglas County DBA ( doing business as ) fictitious business name.
3. In MN you may also need a sales tax ID AKA seller's permit if you sell merchandise that is taxable. ( A.K.A seller'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 MN Federal Tax ID Number and a(n) MN State Employer Tax Number.
5. Instead of filing a fictitious business name DBA Filing in Alexandria, Incorporate in MN or form a(n) LLC.