Question: I need a tax ID for starting a small business
11/1/2012 11:09 AM
China Spring,
San Antonio
TX.
Construction
with
Staff. .
DiXYZsch
I am about to open a new
InfinitySuperCo.
Construction
China Spring McLennan County
, TX
76633.
| THERE ARE 4 TAX IDS: A federal tax ID, a Sales Tax ID, a State Sales Tax ID, and a Business Tax Registration ID. Starting businesses need a tax registration business ID ( AKA business license or home occupation permit. ) If the business is a sole proprietor, it does not need a tax ID unless it is an employer, in which case it will need a federal ID and a State Employer ID (employer identification number). If the new small business will sell or lease any merchandise, equipment or sell any items wholesale or retail or buy wholesale, it will need a sales tax ID number also called a resale ID, a state sales tax ID, wholesale ID or resale license. In addition, if the new business, whether home business, online or commercial location, it will need to file a DBA doing business as certificate, if in fact is doing business and using a trade name. For example, if the business is a home based carpet cleaning business and it does business as Best Carpet Cleaning, it will need to register a fictitious business name ( AKA DBA) certificate. Finally, starting businesses must choose a business legal/tax structure. There are 4 major business entity structures: 1. A sole proprietorship, a partnership, an LLC, and a corporation. You can select any one of them. If you select a sole proprietorship, you will need at a minimum, a business tax registration (business license) and a trade business name registration. Corporations and LLCs need the business tax registration license, and a federal tax ID number. Partnerships need at least a federal tax ID number and a fictitious business name registration. Finally, anyone, even one person can be an LLC or corporation. |
Tax registration requirements for in
China Spring, TX.
IMPORTANT:
Requirments below include Web based, Online, Websites, Home or eBay Businesses)
Answer:
The following are the tax numbers you need to start your China Spring small company.
All Businesses need a(n) , China Spring
business tax registration.
All Businesses that use a business name to trade that is other than the surname and first name of a sole proprietor or a fictitious business name other than the LLC or Corporation legal name need a(n) McLennan County DBA assumed business name certificate.
You may also need a tax id called a resale tax ID or seller's license if you selling touchable items. (A.K.A San Antonioseller's permit, state id, wholesale, resale, reseller certificate).
Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number.
I.e., a TX Federal Tax Id Number and a(n) TX State Employer Tax Number
Instead of filing a fictitious business name DBA Filing in
China Spring, Incorporate in TX or form a(n) TX LLC
Actually there is not just one but four tax ID numbers. First there is a general business tax registration ID. Second there is a state reseller number. Third there is a state EIN number and a federal EIN number.
All businesses that need to collect sales tax such as those selling merchandise or equipement online or thru a store will need to obtain a sales tax ID number also called a wholesale ID and or seller license. Small or big businesses that employ workers will need both an IRS EIN and a State EIN. Using a doing business as name such as "Ultra Consulting" or any other such business name will need to file a fictitious business name certificate.
Finally starting businesses must choose a business legal/tax structure. There are 4 major business entity structures: 1. A sole proprietorship a partnership an LLC and a corporation. You can select any one of them.
Corporations and LLCs need the business tax registration license and a federal tax ID number.
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The following are the tax numbers you need to start your China Spring small company.
All Businesses need a(n) , China Spring
business tax registration.
All Businesses that use a business name to trade that is other than the surname and first name of a sole proprietor or a fictitious business name other than the LLC or Corporation legal name need a(n) McLennan County DBA assumed business name certificate.
You may also need a tax id called a resale tax ID or seller's license if you selling touchable items. (A.K.A San Antonioseller's permit, state id, wholesale, resale, reseller certificate).
Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number.
I.e., a TX Federal Tax Id Number and a(n) TX State Employer Tax Number
Instead of filing a fictitious business name DBA Filing in
China Spring, Incorporate in TX or form a(n) TX LLC
Filing a DBA is not required if you will set up an LLC or form a Corporation.
Partnerships will need to obtain a federal tax id number.
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.
FIRST STEP: Ensure that you secure
furniture and appliances that constitute equipment for this trade .
SECOND STEP: determine the China Spring
business location (you home can be a business location).
THIRD STEP: Obtain tax ID number(s) and licenses. Here is the minimum registrations you need:
You can offset personal losses against the profits of an LLC or S corporation.
If you have a partner you will need to register the company name and obtain a federal ID.
If you are a service type of business but you also use parts you will need a sellers permit also called a resale license or resale certificate AKA sales tax id or seller's permit to collect taxes and or buy wholesale.
Any businesses that sell prepared food need a seller's sales tax id number license.
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Operation: How long does the tax ID issuance process take to get it?
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