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Starting a(n) Business Licenses & Tax IDs

Hi, I'm Krystle Sellers Permit Application Chicago Il Online Busin Womens Fashion

FAQs - More...
sell on ebay / my home

, Krystle.

Do I Need a Fashion Clothing Sales store Accessories such as handbags, purses, apparel, dresses, womens belts, etc.  Sellers Permit?

What other  Fashion permits and Tax IDs Does a   Online Clothing Sales store Accessories such as handbags, purses, apparel, dresses, womens Fashion belts, etc.   Business Needs to Legally Start business operations?

A    Fashion such as handbags, purses, apparel, dresses, womens belts, etc.  business needs a sellers permit if it sells or leases products or equipment that is taxable.

All products, food, equipment that anyone can touch is taxable. In addition, a business must decide on the business type of organization as a sole proprietor, LLC, partnership or corporation.

Furthermore, a  Fashion general business permit and a federal tax ID number is also required for any of the above business type organizations.

The only exception to a federal tax ID number is a sole proprietor, who can use a ss# instead of a Federal ID.

However, even   Fashion sole proprietors as well as all other business type organizations that are employers, independent contractors, LLCs, or corporation must obtain a federal tax ID number.

Any type of business organization, including sole owners, must obtain a state employer tax ID if hiring employees.

Finally, a Fashion Online Clothing Sales store Accessories such as handbags, purses, apparel, dresses, women's belts, etc.   sole owner (i.e., an one person business) can obtain and use a federal ID as a business tax ID instead of the social security number and, in addition, he or she can form an LLC or set up a corporation instead of organizing as a sole proprietor.

FashionOnline Clothing Sales stores Accessories such as handbags, purses, apparel, dresses, womens belts, etc.businesses do not need any surety bond insurance either but they can optionally purchase it and also purchase a general liability business insurance or home business insurance.Just going to be selling close, knick knacks and other small items Furniture clothing and knick knacks baby stuff etc im opening a knick kack i want to be able to take merchandise toother places i have a venders license.

i have a bname and right now im selling at my home knick knacks its more like a flea market im just starting out do i need a license to sell knifes at a booth in a flea market yes just reading, knife and slow down women!

so to get this strait i need a sellers permit and a llc or dba? no auto< to many messages. tell me what you suggest. i buy and sell knife and jewlery and a few other knick knacks at a flea market.

✔ Biz Structure

You can choose to be a(n) Womens Fashion :

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

✔ Biz License

Chicago 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) Womens Fashion business using a fictitious business name in Cook County i.e. you are a business that uses a DBA doing business as trade name to trade that is other than the full legal (first and last -- full name) name of a sole proprietor or a name other than the LLC or Corporation business name need a(n) fictitious business name. For instance you open a(n) Womens Fashion business and you name it "Superior Womens Fashion Group". You will need to file a fictitious business name for that name.

✔ Seller Permit

In IL you need a resale ID ( AKA seller's permit) if you selling touchable items. (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

Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number. I.e., a IL Federal Tax Id Number ($29) and a(n) IL 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 Chicago, Incorporate in IL or form a(n) IL LLC .

Filing a DBA is not required if you will set up an LLC or form a Corporation. 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.

✔ Incorporation

If you do form an Retail Trade llc or incorporate (about $49 plus state fees for most states) your Womens Fashion business instead of just filing a fictitious business name (dba), that insurs that you don't have personal liability for debts and civile liabililty arising from your business dealings and you will not have to record the Chicago business name. In lieu of recording a Cook County trade company name (our filing service fee includes trade name registration and newspaper legal publication for 4 weeks) you can also form a corporation in IL or form an IL LLC (starts @ $49 plus state fee for most states & includes bylaws for the corporation and Limited Liability operating agreement for the LLC that is required to open a business bank account). .

Free Seller's Permit