Starting a(n) Gunsmith Business Licenses & Tax IDs

Hi, I'm FFL

Hi, I'm set up LLC Houlton ME Gunsmith repairing guns and selling guns and parts in Maine conducting appraisals on guns home business Gunsmith services and sell firearms and supplies have llc ein no permit needed for caswell co need state tax forms I would like to know if i can start a gunsmith, and buy -sell firearms at my home..., .

Gunsmith

I am a Gunsmith that would like to perform business out of my home in Ohio. I will buy parts wholesale and sell to customers to fix their guns.

Answer: Ok, in addition to an LLC , you will need a seller's permit to buy the parts wholesale. Gunsmith repairing guns and selling guns and parts in Maine conducting appraisals on guns home business Gunsmith services and sell firearms and supplies have LLC ein no permit needed for caswell co need state tax forms I would like to know if i can start a gunsmith, and buy -sell firearms at my home address. i know that i need an ffl license.

as of now i want to start with cleaning, maintenance and fixing firearms of any kind trying to find out what kind of LLC applies to me with wanting to run a Gunsmith business I don't need a license yet. I'm just looking into it to see if I will require one after I've been certified as a gunsmith.

I may not even open a business and just do this on the side for friends And "IF" I'm working for someone else and it's not my business? I see what this is. I have to pay these monies to buy at cost or wholesale prices, and it's a way for the government to tax me for a business. I'm good. Thanks

1. SELECT LLC, DBA, CORP

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

2. TAX IDs - PERMITS

All Internet Business businesses/entities need a business license and an EIN.

3. OH STATE SALES TAX ID.

Selling/Buying wholesale or retail requires a OH 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

Youngstown 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 doing business under an assumed business name in Mahoning 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.

✔ Seller Permit

In addition note that in OH 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 OH Federal Tax Id Number ($29) and a(n) OH 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 Youngstown, Incorporate in OH or form a(n) OH 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 llc or incorporate (about $49 plus state fees for most states) your business instead of just filing a fictitious business name (dba), that insurs that you don't have personal liability for debts and civile liabililty arising from your business dealings and you will not have to record the Youngstown business name. Instead of just registering your Mahoning County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in OH or form an OH 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). .


FFL OH Gunsmith OH Youngstown
set up LLC Houlton ME ME Gunsmith ME Houlton