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Starting a(n) Business Licenses & Tax IDs
Hi, I'm Pamela Tivnan I Will Be Buying Wholwsale To Sell Retail Is This Costume Jewelery Plated gold

FAQs - More...
Just a simply Plated gold jewelery 14kt 24 kt 18 kt and bracelets and necklaces,anklets very attractive items
, Pamela Tivnan.
 
     


Precious Metals and Minerals mining, sold to major refineries and jewelers Nationwide. A collection of rare stones and geological specimens to examine and sell to the world. Dealing with Gold, Silver, Platinum, palladium, diamonds, gems, and minerals including meteorites.



A: It is perhaps a good move to buy and sell precious metals such as gold, silver, titanium because as gold has increased almost 400% since 2007 and tripled in the last few years, it is recommended as an investment.  



    After you decide what type of metals to sell and find wholesalers to buy them to have the necessary inventory to start your business, you need to find a location to set up your business and then apply for your business license.



    You will also need a state calibrated scale and the licensing as described below:

    Keep in mind that because you are dealing with super expensive inventory, you will need to have a secure retail space and get good insurance in case of metals loss such as a break in or robbery.



    Even though brick and mortar stores are classic, you can also sell them online or sell metals at auctions. Of course, you need to stay savvy about fluctuation of this industry because indeed, you do need to know the metals prices to stay profitable and on top of the business.





    
     




     “Scrap Metal” means: Nonferrous metals, scrap iron, stainless steel or other material or equipment which consists in whole or in part of metal and which is used in construction, agricultural operations, electrical power generation, transmission or distribution, cable, broadband or telecommunications transmission, railroad equipment, oil well rigs or any lights maintained by the State or a local government, including, without limitation, streetlights, traffic-control devices, park lights or ballpark lights; and Catalytic converters.  

    Whether your Scrap Metal  business is an online, home, store, concession stand or mobile cart, you will have to first select from these business or tax entities: Namely, from sole owner/proprietor, partnership, LLC or corporation.



     It does not matter which Scrap Metal  one you choose when it comes to a General Business License because all entities need that one. (Note that this is not a specific license to your type of business, it is a BUSINESS license) as well. Using the company name subjects you to having to file a DBA.



     “Scrap Metal” does not include waste generated by a household, aluminum beverage containers, used construction scrap iron or a metal product in its original manufactured form which contains no more than 20% by weight nonferrous metal. Recycling Metals is much bigger than the retail (or consumer focused) side.



     If you are starting a metal recycling and scrapping, know that it is a profitable business for many, especially in tough  times.  While it's a dangerous job, high metal prices can make you a lot of money because  people will pay you to haul away junk which you can then break down and sell to buyers.  



     Find out how to start a scrap metal business to decide if it can be a wise investment of time and resources. What You Need pickup truck or utility trailer magnet grinding wheel hammers cutters personal protective equipment first aid kit maps or GPS unit screwdrivers buckets Of course you need to understand how scrap metal pricing works.



      First,  nonferrous metals are more scarce and more valuable than ferrous metals because pricing can fluctuate and though pricing is important,  you need to choose a vehicle for scrap collection such as  a pickup truck, and you may wish to consider a 3/4 ton or larger pickup and an 18' utility  trailer with a winch.



     Of course, don't forget, this is metal, and it can cut your fingers so wear protective equipment,  and understand how to use it, as well as how to safely operate tools. Safety glasses, gloves,  safety shoes, reflective vests and first aid kits are basic elements of safe collecting. In addition, because metal can generate loud sound, make sure you are wearing protection and a welding mask may also be required.  Stay alert to moving traffic and equipment.  You will need tools for the scrap collection trade, such as a magnet, which helps identify ferrous  metal and a grinding wheel, which can help identify the metal type by what kind of spark it produces.



     Additional  equipment could include various hammers, screwdrivers, wire cutters, pocket knives, drills, pliers and pry bars. SCRAP METAL LAW: Code Citation: Scrap Metal Processors Revised Statutes Chapter 647 § 647.010 to § 647.145  (as amended by 2013 Nevada SB 235) Destruction of Property to Obtain Scrap Metal Revised Statutes  Chapter 202 § 202.582 (as amended by 2013 Nevada SB 37) Materials Covered and Other Definitions “Junk” includes old iron, copper, brass, lead, zinc, tin, steel and other metals, metallic cables, wires,  ropes, cordage, bottles, bagging, rags, rubber, paper, and all other secondhand, used or castoff articles  or material of any kind, but does not include Scrap Metal.





    There is a tremendous amount of industrial recycling as well. Metals have managed to find their way into a variety of products that can be found on construction sites across the globe. For example, recent technological advances have made it possible for plastic bags to be turned into plastic lumber. Think about how beneficial this can be for the environment, now that we can substitute trees for plastic bags.



     This will revolutionize an entire industry, and will reduce the carbon footprint of new buildings. The Institute of Scrap Metal Recycling Industries has compiled a great list of statistics that demonstrate the potential for this young industry. In 2009, 479 million lbs. of post-consumer non-bottle rigid metals were recovered.



     This is a 47% increase since 2007. In 2010, the US exported more than $940 million in plastic scraps. There is an 80–90% reduction in energy consumption when producing recycled plastic compared to producing plastic from virgin materials. In 2009, 854,377,000 lbs. of postconsumer plastic film were collected for recycling.



     While this may seem like a win-win for everyone involved, the Metals recycling industry still faces some headwinds. These challenges range from the inaccurate perception that recycled materials are inferior to virgin materials to regulations that didn’t include the possibility of recycling metals.







    I'd like to buy and sell scarp metal in Oklahoma junk cars all metal copper brass steel all kinds aluminum cans    Can Individuals sell buy and sell scrap metal I need a scrap metal exporter license?



    What I gave to do? Do I need both export & import license?



    One license can be used in all states? This is Mo. can you help me with what the process to open scrap metal international trading company in NJ is I am not able to understand.



     What you are trying to say  My son wants to start a scrap metal business from home, how much will it cost me for a cleaning/scrap metal license Where do I go in Bradenton fl to get a scrap metal permit?  
How Can I Sell Precious Metal Billion From Home  Precious metals' dealer. Selling gold and silver bullion, bars and coins. Selling online via websites nationwide and through eBay.  
     


Answer:

  

Hi Anthony, here is how you can sell precious metal bullion.   In addition to the licensing and registrations mentioned below, you may need a state certified and officially calibrated balance to weigh the metals.  So, the way to get started is here. The license costs $59.  Here is what you need in Newburgh area to start your Bullion Dealer  business:



  First, you need to select a business legal and tax structure because the selection will determine how you are legally and fiscally treated as a business. For example, a judgment creditor cannot access your personal assets if you select and file an LLC certificate. Likewise, an LLC may end up paying less income tax than a sole proprietor.



"AAA Bullion," your fictitious assumed business name will also be registered by filing an LLC, but you can also obtain a DBA doing business as a certificate.



That said, second, you need a seller's permit to buy Bullion Dealer, inventory wholesale and sell individual pieces retail.   In NY, when you buy wholesale, you save 4.0% of the purchase, and when you sell retail, you will need to charge  4.0% to collect and remit to the state government.



For instance, if you sell NY costing $100, you will have to charge  $104 because the additional $4 is the 4% that is the sales tax rate in CA: namely,  The New York (NY) state sales tax rate is currently 4%. Depending on local municipalities, the total tax rate can be as high as 8.875%. Other, local-level tax rates in the state of New York are quite complex compared to local-level tax rates in other states.





Finally, keep in mind that you will also need a business license and if hiring, a state and federal EIN as well.

    


Jewelry Business

The Jewelry Industry

Going into a jewelry business is not a bad idea.

  As of August, 3012, online spending continues to grow, Q2 nears $50B.

Mobile or m-commerce reached $4.5 billion or more.

Consumers in U.S. increased their online shopping by at least 15%.

Jewelry Business Licensing 

Whether a home jewelry business just selling online or on eBay  or a store, you have heard some people say that you need to register you business name first.  

Selecting Your Business Structure

However, what you need to do first, select your jewelry business structure: You can choose among Sole Proprietor, Partnership, LLC or Corporation.

If you do not register as an LLC or corporation, you then have to register you business name. Then, a sellers permit or also called a resale number that is required if you sell jewelry  merchandise wholesale or retail.

Where You Can Get Licensing

You can obtain the above and the ones mentioned below at this site.

Having Jewelry Employees

If you are a jewelry  employer, you will need a federal employer Number and a State Employer Number.

Using a Trade Name

Jewelry Users of a trade name will need a fictitious business name filing.  For instance, if you call your jewelry business "The Jewelry King," or "Joes Jewelry Store," or something similar or just about any business name,  you will need to register it with an assumed business  name registration ( DBA business name).

Considering a Corporate Entity

Finally, you have the option or incorporating or forming an LLC.

   
âś” Biz Structure

You can choose to be a(n) Costume Jewelery Plated gold :

  • Sole Proprietor,
  • LLC,
  • Corporation or
  • Partnership.
    After you decide and select your business entity, you need licensing.


âś” Biz License


New Bedford Business Tax Registration ( Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.


âś” DBA Biz Name

A(n) Costume Jewelery Plated gold business using a fictitious business name in Bristol County i.e. you are a business with a trade name other than the owner's legal (full name) name are required to get a(n) fictitious business name.   For instance you open a(n) Costume Jewelery Plated gold business and you name it "Superior Costume Jewelery Plated gold Group". You will need to file a fictitious business name for that name.
âś” Seller Permit

In addition note that in MA 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

âś” Federal EIN


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.

âś” State EIN

In addition you will need a federal and a state EIN if you will hire employees. I.e., a MA Federal Tax Id Number ($29)  and a(n) MA  State Employer Tax Number  

âś” L L C

Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in New Bedford, Incorporate in MA  or form a(n) MA LLC . 

You have a choice to file a DBA or form an LLC or incorporate. 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.

âś” Incorporation


If you do form an Wholesale Trade llc or incorporate (about $49 plus state fees for most states) your Costume Jewelery Plated gold business instead of just filing a fictitious business name (dba), it will help you avoid personal liability from wrongs arising from your business dealings and you will not have to file the New Bedford business name. Instead of just registering your Bristol County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in MA or form an MA LLC (starts @ $49 plus state fee for most states & includes required documents such as bylaws for the corporation and Limited Liability operating agreement for the LLC). .
 
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