Starting a(n) Clothing, electronics, toys, etc Business Licenses & Tax IDs

Hi, I'm New York City 10029 toys My business partner and have an online 3rd party store on Shopify selling items such as clothing, shoes, electronics, toys, etc.

Answer: Shopify and selling toys will subject you to a seller's permit and the LLC, EIN and Business License .

Here is how to file a New York City 10029 LLC..., .

Clothing, electronics, toys, etc

My business partner and have an online 3rd party store on Shopify selling items such as clothing, shoes, electronics, toys, etc.

Answer: Shopify and selling toys will subject you to a seller's permit and the LLC , EIN and business license.
A: Here is how to file a New York City 10029 LLC in NY:
Here are the Steps to Forming an Clothing, electronics, toys, etc LLC for Free.

Get Business Information. Get a Trade Name and a location within NY.
File the Formation Articles of Organization. Set up an LLC Registered Agent.
Investigate LLC Formation Options, such as a series Clothing, electronics, toys, etc LLC . LLC Forms:
Fill Out and File the NY Articles of Organization
Fill Out and sign the Clothing, electronics, toys, etc LLC operating Agreement.

You will need to first select among sole owner/proprietor, partnership, LLC or corporation, all of which also require a General Business License (not a specific license to your type of business) as well.

If your trade name is a business name other than your full personal legal name, you will need to file a DBA . For instance, your name is Rockstarr, and you do business as Best Clothing, electronics, toys, etc By Rockstarr, the name must be registered with a DBA Biz Name because it is not your full legal name.

Also, note that whatever item that you sell or lease and it is an item that can be touched (i.e., tangible such as equipment, toys, merchandise, electronics, prepared food) requires a state sales tax ID ( Seller's Permit ) to either buy or sell the items or products wholesale and or sell them retail. If you are hiring workers anytime soon, you will need a Federal EIN and a State EIN (employer identification number). Other instances that you will need a federal tax ID are: if you are a Clothing, electronics, toys, etc partnership, an independent contractor, and a corporation or an LLC .

You can also obtain a federal tax ID as a sole proprietor and use it as a business tax ID in the place of a social security number. However, you will still need other registrations, such as licenses, an assumed business name DBA, and tax IDs as described above.

Finally, even one person, sole owner/proprietors working from home or just online can form a LLC or incorporate, in which case, they will not need to file a DBA.

1. SELECT LLC, DBA, CORP

From sole propr., Yonkers LLC, NY partneship or NY Corp.: Each requires an entity certificate filing.

2. TAX IDs - PERMITS

All Online Selling Stuff businesses/entities need a business license and an EIN.

3. Yonkers STATE SALES TAX ID.

Selling/Buying wholesale or retail requires a Yonkers seller's permit.

✔ Biz Structure

You can choose to be a(n) :

Sole Proprietor,
LLC,
Corporation or
Partnership.
After you decide and select your business entity, you need licensing.

✔ Biz License

Accord Business Tax Registration ( Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.

✔ DBA Biz Name

A(n) business using a fictitious business name in Ulster 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) fictitious business name. For instance you open a(n) business and you name it "Superior Group". You will need to file a fictitious business name for that name.

✔ Seller Permit

In addition note that in Yonkers 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

✔ Federal EIN

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.

✔ State EIN

In addition you will need a federal and a state EIN if you will hire employees. I.e., a Yonkers Federal Tax Id Number ($29) and a(n) Yonkers State Employer Tax Number

✔ L L C

Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in Accord, Incorporate in Yonkers or form a(n) Yonkers 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.
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.

✔ Incorporation

If you do form an Online Selling Stuff 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 Accord business name. Instead of just registering your Ulster County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in Yonkers or form an Yonkers 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). .


New York City 10029 Yonkers Clothing, electronics, toys, etc NY Accord