Question: what kind of tax id number do i need
12/11/2012 3:25 PM
Riverside,
San Jose
CA.
Construction
with
Staff. .
DiXYZsch
I am about to open a new
InfinitySuperCo.
What is the difference between a tax ID and a sales tax ID?
Construction
What tax ID do I need to buy wholesale?
Riverside Riverside County
, CA
92509.
| 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
Riverside, CA.
IMPORTANT:
Requirments below include Web based, Online, Websites, Home or eBay Businesses)
Answer:
Here is a list of tax number ids you need to start your own Riverside small company.
99% of new businesses are required to get a(n) , Riverside
business tax id registration (business license).
Businesses with an trade firm name other than the owner's legal name are required to get a(n) Riverside County DBA ( doing business as ) fictitious business name.
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 Joseseller'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 CA Federal Tax Id Number and a(n) CA State Employer Tax Number
Instead of filing a fictitious business name DBA Filing in
Riverside, Incorporate in CA or form a(n) CA LLC
Here are the tax IDs that businesses need: 1. an IRS tax ID number. 2. A state resale tax ID number an employer tax ID number and 3. A tax registration ID 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.
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.
Corporations and LLCs need the business tax registration license and a federal tax ID number.
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Here is a list of tax number ids you need to start your own Riverside small company.
99% of new businesses are required to get a(n) , Riverside
business tax id registration (business license).
Businesses with an trade firm name other than the owner's legal name are required to get a(n) Riverside County DBA ( doing business as ) fictitious business name.
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 Joseseller'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 CA Federal Tax Id Number and a(n) CA State Employer Tax Number
Instead of filing a fictitious business name DBA Filing in
Riverside, Incorporate in CA or form a(n) CA LLC
You have a choice to register a fictitious business name or form an LLC or incorporate.
Finally if you will have more than one owner you will need to obtain a federal tax id number to indentify the partnership.
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: Make sure you get
furniture and appliances that constitute equipment for this trade .
SECOND STEP: I am planning to hire employees and want a stategy to reduce small business taxes employment taxes. find where your Riverside
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:
Perhaps the sole way of avoiding lawsuits and creditors after your assets such as your home and automobile is to form an LLC or incorporate.
Some tips for reducing your self employment tax among others is to form an S corporation. Then pay yourself in dividents instead of salary because salary is subject to tax but dividents are not.
If you have a partner you will need to register the company name and obtain a federal ID.
You need a sales tax id because your service includes parts and or materials you need to use to provide your service which are taxable.
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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