Question: louisville kentucky
8/16/2013 11:20 PM
Louisville,
KY
KY.
Wholesale Trade
with
Staff. .
DiXYZsch
I am about to open a new
InfinitySuperCo.
Wholesale Trade
Louisville Louisville Jefferson County Metro Government
, KY
40216.
Tax registration requirements for in
Louisville, KY.
IMPORTANT:
Requirments below include Web based, Online, Websites, Home or eBay Businesses)
Answer:
The following are the tax numbers you need to start your Louisville small company.
All Businesses need a(n) , Louisville
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) Louisville Jefferson County Metro Government 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 KYseller's permit, state id, wholesale, resale, reseller certificate).
Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number.
I.e., a KY Federal Tax Id Number and a(n) KY State Employer Tax Number
Instead of filing a fictitious business name DBA Filing in
Louisville, Incorporate in KY or form a(n) KY 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.
All businesses that need to collect sales tax such as those selling merchandise or equipement online or thru a store will need to obtain a sales tax ID number also called a wholesale ID and or seller license. Small or big businesses that employ workers will need both an IRS EIN and a State EIN. Using a doing business as name such as "Ultra Consulting" or any other such business name will need to file a fictitious business name certificate.
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.
Corporations and LLCs need the business tax registration license and a federal tax ID number.
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The following are the tax numbers you need to start your Louisville small company.
All Businesses need a(n) , Louisville
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) Louisville Jefferson County Metro Government 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 KYseller's permit, state id, wholesale, resale, reseller certificate).
Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number.
I.e., a KY Federal Tax Id Number and a(n) KY State Employer Tax Number
Instead of filing a fictitious business name DBA Filing in
Louisville, Incorporate in KY or form a(n) KY 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.
Using any language that connotes additional owners in the name of the business makes filing a fictitious business name mandatory.
FIRST STEP: Ensure that you secure
furniture and appliances that constitute equipment for this trade .
SECOND STEP: determine the Louisville
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.
You need a sales tax id because your service includes parts and or materials you need to use to provide your service which are taxable.
Any businesses that sell prepared food need a seller's sales tax id number license.
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Not Sure What Tax ID You Need?
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Operation: How long does the tax ID issuance process take to get it?
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