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Starting a(n) Business Licenses & Tax IDs

Hi, I'm Rena Dina Forming LLC For Real Estate Real Estate

30033 Forming LLC For Real Estate Rena Dina Pentree Investments Finance, Insurance, And Real Estate 88481 Real Estate 1 Decatur GA

, Rena Dina.

Hi, I'm Louis Get Business License SSF Real Estate
FAQs - More...
I didn't realize there was a chat going. I have an idea to start a group home for at risk teen girls but have no idea how to start getting funding or where to even be able to get real estate to do so...

Setting up your Real Estate business

Hi Louis, to Get Business Licens..., Louis.

I didn't realize there was a chat going. I have an idea to start a group home for at risk teen girls but have no idea how to start getting funding or where to even be able to get real estate to do so... Setting up your Real Estate business

Hi Louis, to Get Business License SSF, follow the instructions below:  First, check the Legal and Tax Business Structure

To set up and register your Real Estate business it does not matter whether your business is an online, home, store, concession stand or a mobile cart, you will have to first select a business type entity from these tax structures:

Namely, from sole owner/proprietor, partnership, LLC or corporation.

It does not matter which Real Estate business entity you choose as far as a   General Business License   is concerned because all entities need a business license and that is because all businesses need, well, a business license.   (Note that that is not a specific license to your type of business it is a BUSINESS license) as well.

Using a company trade name subjects you to having to file a  DBA  . For instance, your name is Luis, and you do business as Best real estate sales by Luis De Fine, the "Best Real estate sales by luis,"  name must be registered with a   DBA Doing Business As certificate   because it is not your full legal name (namely, Luis De Fine.

Getting people to work for your Real Estate business anytime within 30 days of starting your business subjects you having to get a  Federal EIN   and a   State EIN   (employer identification number).

On the other hand, you will also need a federal tax ID if you are a partnership, an independent contractor, and a corporation or an   LLC  .

It is always a good idea obtain a federal tax ID as a sole proprietor and use it as a business tax ID in the place of a social security number.

However, you will still need other Real Estate  filings business tax registrations, such as permits, a fictitious business name DBA, and tax IDs as described above. For example, if you want to be an LLC, you must obtain an LLC certificate and an LLC operating agreement as well as an EIN.

You need the EIN  to be the LLC ID in addition to being an Employer ID  if you hire workers.

Finally, even  Real Estate sole proprietor working from home or just online can set up a LLC or incorporate, in which case, they will not need to register the trade name with a DBA because the LLC or Corporation name will be the legal name of the business.

  A DBA stands for Doing Business As and it is also called a fictitious, assumed, trade firm or business certificate trade name.

Question:

what business type do I select as a land loard with rental houses home based?

Answer:

real estate rentals

Question: So I would teach in different cities within the same state, would I have to apply for a license in every city I would teach in??

Answer:No, you just need a license for the location of your office.

Question:  I understand I need a license, but if I get one for the city I live in, then if I travel for work and teach in a different city, will I need a license for that city as well? You did not answer my question on whether I need several business licences for different cities I might teach in?

  Answer:You just need one business license.

Question:

  I WILL OPEN A CLEANING SERVICES WELL VERY POSSIBLE I WILL HAVE TO BUY WHOLESALE CLEANING SOLUTIONS AND MOWING GRASS I SELL REAL ESTATE I HAVE A INDEPENDENT CONTRACTOR.

Answer:ok, so you need at least a business license, an EIN and a DBA.

✔ Biz Structure

You can choose to be a(n) Real Estate :

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

✔ Biz License

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

✔ DBA Biz Name

A(n) Real Estate business using a fictitious business name in Calloway 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) Real Estate business and you name it "Superior Real Estate Group". You will need to file a fictitious business name for that name.

✔ Seller Permit

In addition note that in KY 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

✔ 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.

✔ State EIN

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

✔ L L C

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

✔ Incorporation

If you do form an Finance, Insurance, And Real Estate llc or incorporate (about $49 plus state fees for most states) your Real Estate 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 Murray business name. Instead of just registering your Calloway County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in KY or form an KY 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). .

Free Seller's Permit