Question: Start business get DBA Filing Michigan
6/23/2020 10:11 PM
Jackson,
MI
MI.
Other
with
0
Staff. .
DiAnthonysch
I am about to open a new
World Wide ANTHONY JAMES NEALCo.
Other
Federal Tax ID Number vs. EIN.
Jackson Jackson County
, MI
49202.
| Selling personal custom belts for all ages, genders and sizes. Each belt is to your making and I do the rest. We ship orders in 3 weeks.
A: Because you business name is your legal name, you may not need to file a MI DBA. On the other hand, you can do that if you want. It is better however to file an LLC. |
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Here is what tax ids you are legally are required to get for in
Jackson, MI.
IMPORTANT:
Requirments below include Web based, Online, Websites, Home or eBay Businesses)
Answer:
The following are the tax numbers you need to start your Jackson small company.
All Businesses need a(n) , Jackson
business tax registration.
All Businesses that use a business name to trade that is other than the surname and first name of a sole proprietor or a fictitious business name other than the LLC or Corporation legal name need a(n) Jackson County DBA assumed business name certificate.
You may also need a tax id called a resale tax ID or seller's license if you selling touchable items. (A.K.A MIseller's permit, state id, wholesale, resale, reseller certificate).
In addition you will need a federal and a state EIN if you will hire employees.
I.e., a MI Federal Tax Id Number and a(n) MI State Employer Tax Number
Instead of filing a fictitious business name DBA Filing in
Jackson, Incorporate in MI or form a(n) MI LLC
Actually there is not just one but four tax ID numbers. First there is a general business tax registration ID. Second there is a state reseller number. Third there is a state EIN number and a federal EIN number.
New businessess whether home or other types will need a general tax registration that could be a business permit and or license. Sole proprietors just need that plus perhaps a registration of a business name certificate if in fact the business is using an assumed business name. E.g. if the business is called "Superior Medical Billing" it will need to file a DBA. Other than that employer sole owners will need both a federal ein and a state ein and if selling any type of widgets such as items on eBay or Etsy will need a state reseller number also called a seller ID or resale number.
Finally starting businesses must choose a business legal/tax structure. There are 4 major business entity structures: 1. A sole proprietorship a partnership an LLC and a corporation. You can select any one of them.
If you select a sole proprietorship you will need at a minimum a business tax registration (business license) and a trade business name registration.
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The following are the tax numbers you need to start your Jackson small company.
All Businesses need a(n) , Jackson
business tax registration.
All Businesses that use a business name to trade that is other than the surname and first name of a sole proprietor or a fictitious business name other than the LLC or Corporation legal name need a(n) Jackson County DBA assumed business name certificate.
You may also need a tax id called a resale tax ID or seller's license if you selling touchable items. (A.K.A MIseller's permit, state id, wholesale, resale, reseller certificate).
In addition you will need a federal and a state EIN if you will hire employees.
I.e., a MI Federal Tax Id Number and a(n) MI State Employer Tax Number
Instead of filing a fictitious business name DBA Filing in
Jackson, Incorporate in MI or form a(n) MI LLC
Filing a DBA is not required if you will set up an LLC or form a Corporation.
Partnerships will need to obtain a federal tax id number.
If you will do business under your first and last legal name you will not need to get a fictitious business 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.
FIRST STEP: Ensure that you secure
related tools such as specific equipment .
SECOND STEP: determine the Jackson
business location (you home can be a business location).
THIRD STEP: Obtain tax ID number(s) and licenses. Here is the minimum registrations you need:
You can offset personal losses against the profits of an LLC or S corporation.
If you have a partner you will need to register the company name and obtain a federal ID.
If you are a service type of business but you also use parts you will need a sellers permit also called a resale license or resale certificate AKA sales tax id or seller's permit to collect taxes and or buy wholesale.
Any businesses that sell prepared food need a seller's sales tax id number license.
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Online business that sell merchandise online need to collect taxes and that requires a state ID.
Don't forget to get a state of the art website with your contac - merchandise - and shopping cart.
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Company: What is the tax ID total cost?.
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