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| Starting a(n) jewelry Business Licenses & Tax IDs |
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Hi, I'm Elaine 27803
What type of license do I need to sell jewelry online?
ANSWER: The type of license you need is called a seller's permit. Because of your trade name, "Easy E" for your Jewelry business, you need to file a DBA , a Corporation or an LLC in Rocky Mount. If you decide to be an LLC, you w..., Elaine. |
Hi, I'm durham
| I am a Entrepreneur and I will have a website.
I will buy bracelets and charms and sell them o Shopify in North Carolina or all 50 states from my home |
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| What type of license do I need to sell jewelry online?
ANSWER: The type of license you need is called a seller's permit. Because of your trade name, "Easy E" for your Jewelry business, you need to file a DBA, a Corporation or an LLC
in Rocky Mount. If you decide to be an LLC
, you will need the LLC
certificate, an EIN, a business license and an LLC
operating agreement. Also, in order to sell Jewelry, you need a seller's permit because you need to collect sales tax when you sell them. For example, if you sell a Jewelry hat at $100, you need to collect 8% tax assuming that is the sales tax rate in your state. Since you are doing business in NC, you do need to collect sales tax, but you also need a resale certificate (comes with the seller's permit) to buy wholesale from other states. |
1. SELECT LLC, DBA, CORP
From sole propr., VA LLC, VA partneship or VA Corp.: Each requires an entity certificate filing.
2. TAX IDs - PERMITS
All
Internet Business
businesses/entities need a business license and an EIN.
3.
VA STATE SALES TAX ID.
Selling/Buying wholesale or retail
requires a VA 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.
Glen Allen 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 using a fictitious business name in
Hanover County
i.e. you are a business that uses a DBA doing business as trade name to trade that is other than the full legal (first and last -- full name) name of a sole proprietor or a name other than the LLC or Corporation business name need 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.
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In addition note that in
VA
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.
In addition you will need a federal and a state EIN if you will hire employees.
I.e., a VA Federal Tax Id Number ($29) and a(n) VA State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Glen Allen, Incorporate in VA or form a(n) VA LLC .
Filing a DBA is not required if you will set up an LLC or form a Corporation.
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.
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 Glen Allen business name.
Instead of just registering your Hanover County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in
VA or form an VA LLC (starts @ $49 plus state fee for most states & includes bylaws for the corporation and Limited Liability operating agreement for the LLC that is required to open a business bank account). .
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