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| Starting a(n) 111Y111 Business Licenses & Tax IDs |
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Hi, I'm Philadelphia
| Philadelphia Non Profits need to file a nonprofit corporation and obtain an EIN. Then you need to apply for tax exemption to get to be a real nonprofit. |
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| Philadelphia Non Profits need to file a nonprofit corporation and obtain an EIN. Then you need to apply for tax exemption to get to be a real nonprofit. |
1. SELECT LLC, DBA, CORP
From sole propr., PA LLC, PA partneship or PA Corp.: Each requires an entity certificate filing.
2. TAX IDs - PERMITS
All
Internet Business
businesses/entities need a business license and an EIN.
3.
PA STATE SALES TAX ID.
Selling/Buying wholesale or retail
requires a PA seller's permit.
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You can choose to be a(n) :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Philadelphia Business Tax Registration (
Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) business doing business under an assumed business name in
Bucks County
i.e. you are a business with a trade name other than the owner's legal (full name) name are required to get a(n)
assumed business name certificate.
E.g. you venture into a(n)
business and you give it a trade name such as "Excellence
& Associates". You will need to register an assumed business name certificate.
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In addition note that in
PA
you may also need a seller's permit if you sell merchandise that is taxable.
(A.K.A state id, wholesale, resale,
reseller certificate, about $39 for most states).
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.
Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number.
I.e., a PA Federal Tax Id Number ($29) and a(n) PA State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Philadelphia, Incorporate in PA or form a(n) PA LLC .
You have a choice to file a DBA or form an LLC or incorporate.
There is a cicrcumstance that you may not need to register a trade name and that is when you use your full name as a business name if you use your full legal name as a trade name.
Using any language that connotes additional owners in the name of the business makes filing a fictitious business name mandatory.
If you do form an llc or incorporate (about $49 plus state fees for most states) your business instead of just filing a fictitious business name (dba),
it will help you avoid personal liability from wrongs arising from your business dealings and you will not have to file the Philadelphia business name.
Instead of just registering your Bucks County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in
PA or form an PA LLC (starts @ $49 plus state fee for most states & includes required documents such as bylaws for the corporation and Limited Liability operating agreement for the LLC). .
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