Cheryl wrote: “I already have an LLC that has rental property in it, with a bank account and an EIN, but I am also going to be doing design work for a few clients. I want a tax resale ID because I will be selling fabric and furniture.”
Hi Cheryl, Duzant Associates sounds like a promising venture. Each rent check pays down the mortgage while the property itself can grow in value, so patient landlords build wealth one door at a time. Since your goals are to protect your personal assets and manage self-employment tax, the LLC sits at the center of this plan. Here is what we will cover: how to structure Duzant Associates, the tax IDs it needs, and the licenses that let you open in New London, then a quick recap.
Keep your rental income and your design business in separate accounts, and ideally separate LLCs, because a client dispute over a sofa should not put your rental properties on the table. For the fabric and furniture, a Connecticut sales tax permit is what lets you collect tax on what you sell and buy inventory for resale without paying tax up front. Your design fees may be taxed differently from the products, so bill them as separate lines. The LLC you already have fits your self-employment tax and asset protection goals for the rentals, and it is cleaner to give the design side its own name.
By the numbers: Banks, insurers, and tax forms will ask for your industry code. For a residential rental business it is NAICS 531110 (Lessors of Residential Buildings and Dwellings). That makes 5 items on your list.
Tip: Use a written lease, a move-in condition checklist with photos, and a separate bank account for each property's rent and repairs.
To recap: Duzant Associates in New London, CT needs an LLC, a DBA, an EIN, a business license, and rental registration or license. Check them off one by one and you will open with confidence.
We can form your LLC and file the other registrations for you: start here.
From sole propr., San Antonio LLC, TX partneship or TX Corp.: Each requires an entity certificate filing.
All Finance, Insurance, And Real Estate businesses/entities need a business license and an EIN.
Selling/Buying wholesale or retail requires a San Antonio seller's permit.
The owner asked: “I am a California S corporation and purchased rental property in Georgia in 2014. I need a state tax ID to file corporate taxes in Georgia. Why do they keep telling us we need a sales tax ID when we do not collect sales taxes?”
A residential rental business in San Antonio is a promising idea. Good tenants who feel well treated tend to stay for years, which means fewer vacancies and a reliable monthly cash flow. Since your goals are to protect your personal assets, limit exposure from sales, clients, employees, or debt and bring in partners or investors, the LLC sits at the center of this plan. Here is what we will cover: how to structure your residential rental business, the tax IDs it needs, and the licenses that let you open in San Antonio, then a quick recap.
You are right to resist the sales tax answer: renting a residential property on long leases is not a taxable sale, so a sales tax account is the wrong tool, and the number you need is an income tax account for the corporation. Owning rental property in Georgia generally counts as doing business there, which means your California S corporation likely needs to register as a foreign company and file a Georgia return. Ask whoever keeps telling you otherwise which tax they mean, because the labels get mixed up. Renting the unit as a hotel is a different case, since lodging is taxable and can bring other local requirements.
To recap: Your residential rental business in San Antonio, TX needs an LLC, a DBA if you use a brand name, an EIN, a business license, and rental registration or license. Get those in place and you can spend your time on customers instead of paperwork.
For a record label, an LLC is the right base. You handle artists' contracts, royalties and releases, and the LLC separates any dispute from your personal assets. The state's filing charge is shown apart from our service fee on the order page, and the operating agreement is prepared with your LLC, so your bank can open the account.
• Insurance: ask an insurance agent about general liability and media liability for a label, plus coverage for equipment. • Investors: they usually want a formed LLC, an operating agreement and clean books first, then a clear plan for how their money is used. • Website and advertising: register the name and open the bank account before you spend on promotion.
A surety bond is not what you need. Insurance protects you from claims, while bonds guarantee performance in certain regulated trades.
Yes, an LLC still makes sense even when your products are not taxable. Taxability is only about sales tax, while the LLC is about protecting your personal assets from product and customer claims, and about credibility. With investors in mind, a formal company is what they will want to see.
On the tax ID, you still need an EIN for banking and federal taxes, since that is separate from sales tax. A seller's permit may not be needed if everything you sell is exempt, but many suppliers and marketplaces still ask for one, so check with them. Health and beauty products can be taxable in other places, so check where you sell.
For the Georgia address, I cannot supply an office location. Register the business at the real place where you operate, or use a registered agent's address for state papers. A local business license depends on that location.
A mobile petting zoo carries real risk, since children and animals mix and a bite or a fall could lead to a claim. An LLC is the proper vehicle, because it separates that exposure from your personal assets, and it can bring in investors. A foreign owner is fine for an LLC.
• Petting zoo: animal exhibits are regulated, so expect animal health paperwork, permits for events, and liability insurance that venues will ask for. • Business license, locally, plus approvals for each event location. • EIN, for banking and taxes.
For the gift baskets, to charge sales tax you need a seller's permit, which in New York is registered as a certificate of authority. Even if you never touch the product or the money, if you take the order and your company is the seller, you generally must be registered to collect tax. If the other company is the seller of record, it may handle that, so clarify who sells.
In New York, the sales tax registration is called a certificate of authority, and a reseller's permit is built on it, so you do need one for your LLC. We can file it with expedited handling, which moves faster than standard processing, but I cannot promise a specific number of days because timing depends on the application.
Home inspection is a service, so the permit matters mainly if you also sell products or tools that are taxable. Your LLC fits the business well: inspectors face claims when something is missed, and the LLC separates those from your personal assets.
• Zoning: a home office is usually allowed, but you do not need a vote from the town council in most cases. Ask locally whether a home occupation approval applies. • Professional license: home inspectors are licensed in many places, so confirm before you take clients.
File the certificate of authority well before your first sale, since New York asks that you register in advance.
Form an LLC before anything else. Moving fresh shrimp and other seafood across state lines involves spoilage, illness and vehicle risks, and the LLC protects your personal assets while showing restaurants that they are dealing with an established company. A foreign owner can hold an LLC, too.
• EIN, for the account, payroll and supplier accounts. • Seller's permit: it works as your wholesale and resale registration, so you can buy without tax and sell with tax. You may need one wherever you sell. • Seafood dealer permit: seafood is regulated at each step, including buying, cold storage and delivery, so ask where your product is sourced and sold. • Business license, locally.
Whether you open a fish market or a restaurant, each needs its own food permits and inspections.