Blank page

Starting a(n) Business Licenses & Tax IDs

Hi, I'm SAGE Start Business Bradenton FL Consignment Store

Consignment Furniture, In-Store and Online Locally Facebook Marketplace, Offer Up, Bradenton, Used Furniture

, SAGE.

Hi, I'm 33173 Consignment Store
FAQs - More...
Can you tell me what is needed for a auto consignment license in the state of Arizona? do I need a sellers permit if it is a consignment business? I am starting a consignment business. What licences will I need? I will be strictly selling recreational vehicles and home goods. Such ..., .

Registering Your Own Small New  consignment Store Business

Most stores sell merchandise so the first thing is to get a sellers permit to buy merchandise wholesale and sell it retail.

Aside from that, you then need to select your business structure: Sole Proprietor, Partnership, LLC or Corporation.

The above step is important consignment business all consignment Store  documents will be filed under the type of business organizational structure.

Of course, you can have a brick and mortar, road side, mobile or online store.  All of these require the same licensing not because of the type of location but because there  are all businesses.

After that, you will need to obtain a business permit.

This is a general business permit that all new businesses must obtain.

More than 31% of the GNP, though, less than $5,000,000.00 is generated through retail sales business.

Though less than 2 million consignment retail businesses, there is about 1.6 ml retail stores not including online retail.   Note that in the majority of the cases you do not need to obtain a business permit that is specifically for your type of business.

You only need a general business permit.  In addition, all businesses must be identified by a business tax ID called a federal tax ID number or Employer Identification Number (EIN).

If you file as a sole proprietor, you can use your social security number instead of the federal ID.

  Then, 99% of all consignment stores require a sellers permit if you sell merchandise wholesale or retail.  The sellers permit is also called state ID, wholesale ID, resale ID, or re-seller license.

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

If you do business as a name other than your full legal name, for example, you do business as "ABC consignment Discount Store," you will need to file a doing business as (DBA) filing.

Finally, you have the option or incorporating or forming an LLC. Setting up as one of these corporate entities allows you not to file a DBA.

Can you tell me what is needed for a auto consignment license in the state of Arizona? do I need a sellers permit if it is a consignment business? I am starting a consignment business. What licences will I need? I will be strictly selling recreational vehicles and home goods. Such as washers dryers ECT. Thank you, but doing research for my masters degree capstone. Was just checking because many chats are computer generated. Please do not take offense. Right now is research to get my Masters Degree in Business Administration. My goal is to open a consignment store. for selling some new clothing and some consignment clothing would that qualify for "retail trade"?

✔ Biz Structure

You can choose to be a(n) Consignment Store :

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

✔ Biz License

Miami 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) Consignment Store business doing business under an assumed business name in Miami-Dade 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) assumed business name certificate. E.g. you venture into a(n) Consignment Store business and you give it a trade name such as "Excellence Consignment Store & Associates". You will need to register an assumed business name certificate.

✔ Seller Permit

In addition note that in FL 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 FL Federal Tax Id Number ($29) and a(n) FL 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 Miami, Incorporate in FL or form a(n) FL LLC .

Filing a DBA is not required if you will set up an LLC or form a Corporation. 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 Merchandise Retail llc or incorporate (about $49 plus state fees for most states) your Consignment Store 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 Miami business name. Instead of just registering your Miami-Dade County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in FL or form an FL 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