Business Permit Tax Registration (Business License)
Perhaps the first thing to do is to get your business license.
The certificate is a, usually, flat annual tax based on a business' location, number of employees, and or gross business income bracket.
All businesses are required to get this one.
Note that if you are starting a business, you will need a business license and unless you are a sole owner without employees, a federal ID as well. ;
That does mean that all businesses need a federal ID except sole owners that are not employer or are not independent contractors ( and independent contractor that receives more than $600 from a single client is required to obtain a federal ID).
Finally, as discussed above, you will also need a state ein and a federal ein if you hire employees and if you use company business name or otherwise called a trade name, such as "Ultra Super Merchandise Store,"; or ";Super Expert 4U," or any other business name, you will have to register it with a DBA business name registration.
On the other hand, you can incorporate or form an LLC and you will not have to register the business name. You can register for any of these documents here online. |